-The Table Above Gives the Utility from Pens and Pencils

question 124

Multiple Choice

-The table above gives the utility from pens and pencils. If pens and pencils both cost $.25 each and the consumer has an income of $2.25, which of the following combinations maximizes the consumer's utility?

• A) 3 pens and 6 pencils
• B) 4 pens and 5 pencils
• C) 5 pens and 4 pencils
• D) 6 pens and 3 pencils

---

Definitions:

Income Statement

A document that showcases a company’s financial performance, specifically its revenue, expenses, and profits or losses, over a particular time period; also known as a profit and loss statement.

Consolidated Financial Statements

Combined financial reports of a parent company and its subsidiaries, presenting the financial position and results of operations as a single entity.

Subsidiaries

Companies that are controlled by another company, known as the parent company.

Profit Margin

A financial metric indicating the percentage of revenue that remains as profit after all expenses have been deducted.