The Following Graph Shows the Marginal Utility Derived from Milk

question 129

Multiple Choice

The following graph shows the marginal utility derived from milk and giant cookies purchased by Sandeep.

-Refer to the above graph to answer this question.If the price of both milk and cookies are $1 and Sandeep has a budget of $7,how many will he purchase if he wishes to maximize his total utility?

• A)2 milk and 5 cookies.
• B)3 milk and 4 cookies.
• C)4 milk and 3 cookies.
• D)5 milk and 2 cookies.
• E)6 milk and 1 cookie.

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Definitions:

Participative Leadership

A leadership style where decision-making is shared among group members, encouraging collaboration and team involvement.

Interpersonal Skills

The abilities needed to effectively communicate, interact, and collaborate with others, essential for successful social and professional relationships.

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A leadership style characterized by innovation, risk-taking, and a proactive approach to seizing opportunities and facing challenges.

Future Business Opportunities

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