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Rudolph has a budget of $42 to spend on rice ( R ) and chicken nuggets ( N ). The price of rice is $9.69
Rudolph has a budget of $42 to spend on rice (R) and chicken nuggets (N). The price of rice is $9.69 per pound, and the price of chicken nuggets is $3.23 per unit. The table below shows the marginal utilities that the consumer gets from the different quantities of both.
Q
MUR
MUN
1
28
21
2
27
19
3
26
17
4
25
15
5
24
13
6
23
11
7
22
9
8
21
7
9
20
5
10
19
3
What is the optimal bundle of rice and chicken nuggets (QR,QN) for Rudolph?(QR,QN) =
A.(1, 8)
B.(3, 8)
C.(3, 7)
D.(8, 6)
E.(2, 7)
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