Arnie Ziffel has $20 per week to spend on any combination of pineapples and green tea.The price of a pineapple is $4 and the price of a bottle of green tea is $2.The table below shows Arnie's utility values.Use the table to answer the questions that follow the table.
a.Complete the table by filling in the blank spaces.
b.Suppose Arnold purchases 4 pineapples and 2 bottles of green tea.Is he consuming the optimal consumption bundle? If so,explain why.If not,what combination should he buy and why?
Definitions:
Determining Factor
A critical element or condition that significantly influences the outcome or nature of a process, situation, or decision.
Desert Plants
Flora adapted to survive in harsh desert environments, typically exhibiting water conservation features.
Succulent Leaves
Thick, fleshy leaves adapted for water storage, commonly found in plants that inhabit dry environments or soil conditions.
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