Figure: Consumer Equilibrium I the Figure Shows Three of Owen's

question 213

Multiple Choice

Figure: Consumer Equilibrium I The figure shows three of Owen's indifference curves for pizza and soda per week.Owen has $180 per month to spend on the two goods, and the price of a pizza is $20 and the price of a soda is
$1) 50. (Figure: Consumer Equilibrium I) Look at the figure Consumer Equilibrium I.If Owen consumes 1.5 pizzas and 100 sodas, which of the following is true?

• A)Owen is maximizing his total utility, given his budget line.
• B)Owen should consume more pizza and less soda to maximize his total utility, given his budget line.
• C)Owen should consume less pizza and more soda to maximize his total utility, given his budget line.
• D)Owen should consume more pizza and more soda to maximize his total utility, given his budget line.

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