Danny Has $12 to Spend on Two Goods: Pies and Soda

question 119

Multiple Choice

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

• A) the combination that gives him equal total utility from pies and soda.
• B) 2 pies and 2 cans of soda.
• C) only sodas because they are less expensive.
• D) the combination that gives him the same marginal utility per dollar spent on pies as on soda.

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Definitions:

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A feature in Microsoft Access that allows users to create a formatted printout or summary of the data from various queries or tables.

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Data structures composed of rows and columns used to organize, manage, and store information in a database or spreadsheet.

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Instructions or expressions in databases and search engines used to extract specific information from a set of data.