-The Above Table Shows Tammy's Total Utility from Videos and CDs

question 114

Multiple Choice

-The above table shows Tammy's total utility from videos and CDs. If Tammy has $70 to spend on videos and CDs and if the price of a video is $10 and the price of a CD is $20, then Tammy maximizes her utility by purchasing

• A) 3 CDs and 1 video.
• B) 1 CD and 5 videos.
• C) 2 CDs and 3 videos.
• D) none of the above

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Definitions:

American

Pertaining to the United States of America or its inhabitants.

President Theodore Roosevelt

The 26th President of the United States (1901–1909) known for his progressive policies, strong leadership, and the establishment of national parks.

Isthmian Canal

Refers to the Panama Canal, a monumental engineering project that connects the Atlantic and Pacific Oceans through the Isthmus of Panama.

American

Relating to or characteristic of the United States of America, its inhabitants, or their culture.