Suppose That a Consumer Considers Coffee and Tea to Be

question 37

Multiple Choice

Suppose that a consumer considers coffee and tea to be perfect substitutes, but he requires two cups of tea to give up one cup of coffee. This consumer's budget constraint can be written as 3C + T = 10. What should the consumer buy?

• A) 2 cups of tea and no coffee.
• B) 10 cups of tea and no coffee
• C) 3 cups of coffee and no tea.
• D) 4 cups of coffee and no tea.

---

Definitions:

New Accounts

Refers to the establishment of new business relationships or accounts, often in a financial context, but can also mean gaining new clients or customers in various industries.

Behavioral Measures

Quantitative data collected about the actions and responses of individuals or groups.

Product Knowledge

An understanding of a product's features, benefits, and use, crucial for effective sales and marketing strategies.

Communication Skills

The ability to convey information effectively and efficiently through speaking, writing, listening, and non-verbal gestures, crucial in both personal and professional interactions.