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:
General Partnership
A form of partnership where all partners share unlimited liability for the business's debts and obligations.
Profits
The financial surplus remaining after all expenses, including taxes and operating costs, have been deducted from total revenue.
Management Responsibilities
The duties and obligations that managers have to oversee and guide their organization effectively.
Personal Liability
The legal responsibility of an individual to satisfy debts or obligations from their personal assets.
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