Quantity 1 2 3 4 5 000 880 O 750 Bobby spends $100 per month on pizza and CDs. His utility from these goods is shown in the table above. The price of a pizza is $10 and the price of a CD is $20. If Bobby maximizes utility from these goods, his total utility is___________ units. 770 Pizza Total utility 95 180 255 320 375 705 Quantity 1 2 3 4 5 CDs Total utility 170 320 450 560 650
Quantity 1 2 3 4 5 000 880 O 750 Bobby spends $100 per month on pizza and CDs. His utility from these goods is shown in the table above. The price of a pizza is $10 and the price of a CD is $20. If Bobby maximizes utility from these goods, his total utility is___________ units. 770 Pizza Total utility 95 180 255 320 375 705 Quantity 1 2 3 4 5 CDs Total utility 170 320 450 560 650
Chapter10: Consumer Choice Theory
Section: Chapter Questions
Problem 2P
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