8 of 15 Izzy who consumes only grilled chicken sandwiches and salads with low-fat dressing, has a weekly income of $50. She is currently consuming 5 grilled chicken sandwiches per week, at a price of $6 each, and 2 salads per week, at a price of $10 each. If the last sandwich and the last salad both added 15 units to Izzy's total utility: O A. She is making the utility-maximising choice OB. She should buy more salads and fewer sandwiches OC. She should buy more sandwiches and fewer salads O D. She obtains more additional utility per dollar from salads than from sandwiches Both B and D. O No answer.
8 of 15 Izzy who consumes only grilled chicken sandwiches and salads with low-fat dressing, has a weekly income of $50. She is currently consuming 5 grilled chicken sandwiches per week, at a price of $6 each, and 2 salads per week, at a price of $10 each. If the last sandwich and the last salad both added 15 units to Izzy's total utility: O A. She is making the utility-maximising choice OB. She should buy more salads and fewer sandwiches OC. She should buy more sandwiches and fewer salads O D. She obtains more additional utility per dollar from salads than from sandwiches Both B and D. O No answer.
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter20: Consumer Choice And Elasticity
Section: Chapter Questions
Problem 4CQ
Related questions
Question
Transcribed Image Text:8 of 15
Izzy who consumes only grilled chicken sandwiches and salads with low-fat dressing, has a weekly income of $50. She is currently consuming 5 grilled chicken sandwiches per
week, at a price of $6 each, and 2 salads per week, at a price of $10 each. If the last sandwich and the last salad both added 15 units to Izzy's total utility:
O A. She is making the utility-maximising choice
OB. She should buy more salads and fewer sandwiches
OC. She should buy more sandwiches and fewer salads
O D. She obtains more additional utility per dollar from salads than from sandwiches
Both B and D.
O No answer.
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