The Following Table Shows Erica's Utility for Muffins and Grapefruit

question 24

Multiple Choice

The following table shows Erica's utility for muffins and grapefruit.

-Refer to the above information to answer this question.If Erica has a budget of $5 and the price of both muffins and grapefruit are $1,what will be her optimal purchase?

• A)1 muffin and 4 grapefruit.
• B)2 muffins and 3 grapefruit.
• C)3 muffins and 2 grapefruit.
• D)4 muffins and 1 grapefruit.
• E)5 muffins.

---

Definitions:

Management-By-Exception

A leadership strategy where managers intervene and take corrective action only when performance does not meet standards, otherwise allowing employees to work independently.

Transformational Leadership

A leadership style characterized by the ability to inspire and motivate followers to exceed their own interests for the sake of the organization or a greater cause.

Millennials

A generational cohort following Generation X, typically described as those born from the early 1980s to the late 1990s.

Transformational Leadership

A leadership style that inspires and motivates followers to achieve extraordinary outcomes by transforming their beliefs and values.