Refer to the Following Table to Answer the Following Questions

question 117

Multiple Choice

Refer to the following table to answer the following questions:

-Assume that strawberries cost $1 and apples cost $2.If the consumer has $16,the bundle of goods that would maximize her utility per dollar leads to a utility equal to ________ utils.

• A) 48
• B) 84
• C) 77
• D) 66
• E) 46

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Definitions:

Government Securities

Financial instruments issued by a government to borrow money from investors, including bonds, notes, and bills, usually considered low-risk investments.

Money Supply

The full volume of monetary holdings in an economy, including cash, coins, and the deposits in checking and saving accounts, at a given point.

Actual Reserves

The total amount of funds that a bank has in its reserve account plus any cash on hand, used to satisfy reserve requirements.

Federal Reserve Bank

The central bank of the United States, which performs key functions in the country's financial system.