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Author Question: The figure above shows Sam's budget line. Why will Sam not purchase 36 gallons of gasoline and 4 ... (Read 56 times)

Themember4

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on: Jun 29, 2018
The figure above shows Sam's budget line. Why will Sam not purchase 36 gallons of gasoline and 4 pounds of coffee?
 
  A) because he does not like this combination
  B) because this combination does not contain enough coffee to satisfy him
  C) because this combination contains more gasoline than his gasoline tank will hold
  D) because he cannot afford this combination

Question 2

The table above shows Tom's total utility from milkshakes and sodas. Tom's total budget for milkshakes and sodas is 20.00 per week. Milkshakes cost 2.00 each and sodas cost 1.00 each. What is Tom's total utility at his consumer equilibrium?
 
  A) 1900 units
  B) 2155 units
  C) 2266 units
  D) 2278 units


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zacnyjessica

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Themember4

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Reply 2 on: Jun 29, 2018
Excellent

Animal_Goddess

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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