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Author Question: Sasha derives utility from consuming apples and tacos as shown in the table above. Apples cost 1 ... (Read 238 times)

appyboo

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on: Jun 29, 2018
Sasha derives utility from consuming apples and tacos as shown in the table above. Apples cost 1 each and tacos cost 2 each. If Sasha's income is 8, he will consume
 
  A) 4 apples and 2 tacos.
  B) 2 apples and 3 tacos.
  C) 0 apples and 4 tacos.
  D) 3 apples and 3 tacos.

Question 2

If Pepsi decided to raise its price, you would expect the price of Coca Cola
 
  A) to fall.
  B) to raise.
  C) Their prices should have no relationship because Pepsi and Coca Cola are not related.
  D) None of the above answers are correct.


mistyjohnson

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

A

Answer to Question 2

B


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appyboo

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Reply #2 on: Jun 29, 2018
Thank you :)


mistyjohnson

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Reply #3 on: Jun 29, 2018
Happy to help you


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