Use the Following to Answer Question

question 114

Multiple Choice

Use the following to answer question:
-(Figure: Harold's Indifference Curves) Use Figure Harold's Indifference Curves.If the price of bread is $1 per loaf,the price of cheese is $2 per pound,and Harold has $10 to spend on bread and cheese,Harold's optimal consumption bundle is _____ loaves of bread and _____ pounds of cheese.

• A)6;4
• B)4;3
• C)3;2
• D)2;8

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Definitions:

Value

A numerical quantity, character, or boolean state representing data, settings, or measurement outcomes used in calculations, decision-making processes, or as input/output in systems.

N7:2

Represents a specific data register or memory location in certain programmable logic controllers.

Value

The specific data, content, or quantity assigned to a variable or represented by an expression.