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Daniel derives utility from only two goods, cake (Qc) and donuts (Qd). The marginal utility that Daniel receives from cake (MUc) and donuts (MUd) are

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Daniel derives utility from only two goods, cake (Qc) and donuts (Qd). The marginal utility that Daniel receives from cake (MUc) and donuts (MUd) are given as follows: MUc = Qd . MUd = Qc Daniel has an income of $240 and the price of cake (Pc) and donuts (Pd) are both $3. I. See the Daniel's above Scenario. What is Daniel's budget constraint? A) 240 = 3Pc + 3Pd B) 240 = 3Qc + 3Qd C) 240 = (Pc)(Qc) D) 240 = (Qc)(Qd) E) none of the above II. See the Daniel's above Scenario. What quantity Qc will maximize Daniel's utility given the information above? A) 0 B) 24 C) 40 D) 60 E) none of the above

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