The Table Below Shows the Quantities of Toffee Bars and Bags

question 19

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 price of toffee bars is $1 each,bags of cashews are $2 each,and this consumer has $7 per week to spend on these two snacks,how many of each will he/she purchase to maximize utility?

• A)0 toffee bars and 3 bags of cashews
• B)1 toffee bars and 3 bags of cashews
• C)2 toffee bars and 2 bags of cashews
• D)3 toffee bars and 2 bags of cashews
• E)7 toffee bars and 0 bags of cashews

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Definitions:

Consumer Goods

Products and services that are bought for personal or household use.

Leonid Brezhnev

A Soviet politician who led the Soviet Union as General Secretary of the Communist Party from 1964 until his death in 1982.

Soviet Policy

The political strategy or principles governing the Soviet Union, particularly during the Cold War era, including approaches to economy, international relations, and internal governance.

Communist Orthodoxy

The strict adherence to the principles and doctrines of classical Marxism-Leninism within communist ideologies and practices.