Multiple Choice
Maria is considering her lunch purchase.Unfortunately,the deli doesn't have a very extensive menu: apples at $0.50 each,bagels at $1 each,and cappuccino at $2 each.Her utility from each is shown in the table below.
-Refer to the above information to answer this question.Suppose that Maria only has $5 to spend on lunch.How should she allocate her spending so as to maximize her total utility?
A) 2 apples and 4 bagels.
B) 2 apples,2 bagels and 1 cappuccino.
C) 2 apples and 2 cappuccinos.
D) 1 bagel and 2 cappuccinos.
E) 3 bagels and 1 cappuccino.
Correct Answer:
Verified
Correct Answer:
Verified
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