(Table: Utility from Milk and Honey)Use Table: Utility from Milk

question 114

Multiple Choice

(Table: Utility from Milk and Honey) Use Table: Utility from Milk and Honey.The price of milk is $2,and the price of honey is $4.If Max's income is $16,he buys _____ bottle(s) of milk and _____ jar(s) of honey.

• A)1;1
• B)4;2
• C)5;4
• D)6;0

---

Definitions:

Poor

Individuals or populations that lack financial resources and basic needs for a comfortable standard of living.

Poverty Rate

The proportion of a population living below the poverty line, reflecting the percentage of people whose income falls below the threshold considered necessary to meet basic needs.

Welfare

Governmental support aimed at ensuring the basic well-being and financial assistance of individuals or groups within a society.

Lower Three Quintiles

Refers to the bottom 60% of the population typically classified by income distribution, focusing on those with lower income levels.