Use the Following to Answer Question

question 234

Multiple Choice

Use the following to answer question:
-(Table: Marginal Utility per Dollar II) Look at the table Marginal Utility per Dollar II. If Manuel has $18 to spend on potatoes and clams, then the utility-maximizing combination is _____ pounds of clams and _____ pounds of potatoes.

• A) 5; 3
• B) 4; 6
• C) 1; 6
• D) 3; 9

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Definitions:

Cost of Goods Sold

The immediate financial costs tied to the manufacture of goods a company sells, including labor and materials.

Merchandise Inventory

Goods or products that a company holds for the purpose of selling to customers in the ordinary course of business.

Damaged Goods

Items that are physically harmed and are reduced in value, typically making them unsellable at full price.

Consigned Goods

Items given to a third party to sell, but ownership remains with the sender until sold.