Crackerjacks Cost Twice as Much as Doritos

question 34

Multiple Choice

Crackerjacks cost twice as much as Doritos. Fred maximizes utility by buying eight boxes of Crackerjacks and some number of bags of Doritos. If the last box of Crackerjacks gives Fred 100 units of utility, you can conclude that:

• A) Fred has also bought 16 bags of Doritos.
• B) the marginal utility of the last bag of Doritos Fred bought is 50 units.
• C) the total utility of the bags of Doritos Fred bought is 200 units.
• D) Fred has also bought four bags of Doritos.

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