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Question
Table 10-7| Quantity of Beer (glasses) | Total Utility | Quantity of Pizza (slices) | Total Utility |
| 1 | 25 | 1 | 20 |
| 2 | 45 | 2 | 35 |
| 3 | 60 | 3 | 45 |
| 4 | 65 | 4 | 50 |
| 5 | 69 | 5 | 52 |
| 6 | 70 | 6 | 52 |
Refer to Table 10-7. Suppose Antonio has $10 to spend and the price of beer = $2 per glass and the price of pizza = $2 per slice. How many of each good will he consume when he maximizes his utility?
A) 2 glasses of beer, 1 slice of pizza
B) 2 glasses of beer, 3 slices of pizza
C) 3 glasses of beer, 2 slices of pizza
D) 4 glasses of beer, 5 slices of pizza
Answer
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