Milkshakes Sodas -The Table Above Shows Tom's Total Utility from Milkshakes and Utility

question 156

Multiple Choice

Milkshakes Sodas

-The table above shows Tom's total utility from milkshakes and sodas. Tom's total budget for milkshakes and sodas is $10.00 per week. Milkshakes cost $2.00 each and sodas cost $1.00 each. What quantity of milkshakes does Tom purchase at his consumer equilibrium?

• A) one
• B) two
• C) three
• D) four

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Definitions:

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A brief economic downturn in the United States that began in March 2001 and ended in November 2001, marked by the bursting of the dot-com bubble.

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A segment of the mortgage market that caters to individuals with poor credit histories who are considered higher risk borrowers.

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