Arnie Ziffel has $20 per week to spend on any combination of pineapples and green tea.The price of a pineapple is $4 and the price of a bottle of green tea is $2.The table below shows Arnie's utility values.Use the table to answer the questions that follow the table.
a.Complete the table by filling in the blank spaces.
b.Suppose Arnold purchases 4 pineapples and 2 bottles of green tea.Is he consuming the optimal consumption bundle? If so, explain why.If not, what combination should he buy and why?
Definitions:
Agreements
Mutually accepted conditions or terms that form the basis of a contract between two or more parties.
Commercial Activity
Operations and actions undertaken by businesses and individuals to produce, buy, or sell goods and services in an attempt to generate profits.
Foreign Sovereign Immunities Act
A United States law that sets limitations on lawsuits involving foreign governments in U.S. courts, establishing the extent to which such entities can be sued.
Sovereign Immunity
A doctrine that immunizes foreign nations from the jurisdiction of U.S. courts when certain conditions are satisfied.
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