Asked by Delaney DeAvila on Apr 27, 2024
Verified
(Table: Utility from Candy Bars and Sodas) Use Table: Utility from Candy Bars and Sodas.If Stan consumes two candy bars and two sodas,his total utility will be _____ utils.
A) 15
B) 33
C) 18
D) 78
Utils
A hypothetical unit of measurement used in economics to represent the satisfaction or utility that a consumer receives from consuming goods and services.
- Apply utility theory to specific examples involving the allocation of a fixed budget across different goods.
Verified Answer
RA
Raven ArcangelApr 30, 2024
Final Answer :
B
Explanation :
The table shows the total utility from consuming different combinations of candy bars and sodas. The highest total utility is achieved by consuming two candy bars and two sodas, which equals 33 utils. Therefore, the best choice is to consume two candy bars and two sodas.
Learning Objectives
- Apply utility theory to specific examples involving the allocation of a fixed budget across different goods.