Use the Following to Answer Questions

question 120

Multiple Choice

Use the following to answer questions:
Figure: Consumer Equilibrium I
The figure shows three of Owen's indifference curves for pizza and soda per week. Owen has $180 per month to spend on the two goods. The price of a pizza is $20, and the price of a soda is $1.50.
-(Figure: Consumer Equilibrium I) Look at the figure Consumer Equilibrium I. What is Owen's optimal consumption bundle?

• A) 4 pizzas and 150 sodas
• B) 8 pizzas and 40 sodas
• C) 6 pizzas and 40 sodas
• D) 14 pizzas and 20 sodas

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Definitions:

Credit Check

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A formal record of the financial activities and position of a business, person, or other entity, often presented annually or quarterly.

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A type of contract where the contractor is paid for all of its allowed expenses to a set limit plus additional payment to allow for a profit.

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