Danny Has $12 to Spend on Two Goods: Pies and Pop.The

question 4

Multiple Choice

Danny has $12 to spend on two goods: pies and pop.The price of a pie is $4,and the price of a can of pop is $2.To maximize his utility,Danny buys

• A)2 pies and 2 cans of pop.
• B)3 pies and no pop.
• C)the combination that gives him the same marginal utility per dollar on pies as on pop.
• D)6 cans of pop and no pie.
• E)the combination that gives him the same total utility from pies as from pop.

---

Definitions:

Main Connective

The main connective in a logical expression is the operator that determines the truth value of the entire expression, generally by combining the truth values of its component parts.

Symbolize

To represent or stand for something else, often an abstract idea, by means of symbols.

Main Connective

The logical operator in a compound proposition that determines the proposition's overall truth value.

Truth Table

A table used in logic to determine the validity of a proposition by listing all possible scenarios and their corresponding truth values.