Chen wants to buy aspirin and bacon. His budget is $120. The price of aspirin is $10
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Question:
Chen wants to buy aspirin and bacon.
His budget is $120. The price of aspirin is $10 and the price of bacon is $5.
Which would be his optimal bundle?
***Just enter the letter of the bundle.***
Bundle | Q(A) | Total Utility (A) | Q(B) | Total Utility (B) |
A | 0 | 0 | 24 | 720 |
B | 1 | 97 | 22 | 880 |
C | 2 | 188 | 20 | 1000 |
D | 3 | 273 | 18 | 1080 |
E | 4 | 352 | 16 | 1120 |
F | 5 | 425 | 14 | 1120 |
G | 6 | 492 | 12 | 1080 |
H | 7 | 553 | 10 | 1000 |
I | 8 | 608 | 8 | 880 |
J | 9 | 657 | 6 | 720 |
K | 10 | 700 | 4 | 520 |
L | 11 | 737 | 2 | 280 |
M | 12 | 768 | 0 | 0 |
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