Question 1
Refer to the information provided in Table 6.2 below to answer the question(s) that follow.
Refer to Table 6.2. The total utility of five candy bars per day is
◦ 115.
◦ 120.
◦ 130.
◦ indeterminate from this information.
Question 2
Refer to the information provided in Table 6.2 below to answer the question(s) that follow.
Refer to Table 6.2. If the price of a candy bar is $1, the price of a hot dog is $2, and Aaron has $6 of income, Aaron's utility-maximizing combination of candy bars and hot dogs per day is
◦ 1 candy bar and 2 hot dogs.
◦ 4 candy bars and 1 hot dog.
◦ 2 candy bars and 1.5 hot dogs.
◦ indeterminate from this information.
How to solve word problems with two unknowns (Question 2)
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