Individual Preferences and Choices
The table represents an indifference curve for pan dulce and empanadas.
Point | Pan dulce | Empanadas |
A | 16 | 5 |
B | 12 | 8 |
C | 6 | 10 |
D | 2 | 18 |
Olga has $54.00 to spend on pan dulce and empanadas. If pan dulce is $6.50 each and empanadas are $1.50 each, what combination of pan dulce and empanadas will Olga consume?
◦ 6 pan dulce, 10 empanadas
◦ 10 pan dulce, 8 empanadas
◦ 2 pan dulce, 18 empanadas
◦ 16 pan dulce, 5 empanadas