The Table Below Shows the Quantities of Toffee Bars and Bags

question 85

Multiple Choice

The table below shows the quantities of toffee bars and bags of cashews that a consumer could consume over a 1-week period.
Toffee (bars) Cashews (bags)
TABLE 6-1
-Refer to Table 6-1.If the prices of toffee bars and bags of cashews are both $1 and this consumer has $11 per week to spend on snacks,how many of each will he/she purchase?

• A)3 toffee bars and 8 bags of cashews
• B)4 toffee bars and 7 bags of cashews
• C)5 toffee bars and 5 bags of cashews
• D)5 toffee bars and 6 bags of cashews
• E)6 toffee bars and 5 bags of cashews

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Definitions:

Star Wars

A popular science fiction franchise created by George Lucas, comprised of movies, books, comics, and more.

Consumer Surplus

The variance between what consumers are prepared and capable of spending for a product or service compared to the actual amount they end up paying.

Marginal Utility

The additional satisfaction or utility gained by consuming one more unit of a good or service.

Consumer Surplus

The consumer surplus is the gap between what consumers are ready and capable of paying for a good or service and what they actually spend on it.