Refer to the Information Provided in Table 6 -Refer to Table 6

question 134

Multiple Choice

Refer to the information provided in Table 6.2 below to answer the questions that follow.
Table 6.2
$$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Number of } \\\text { Candy Bars per Day }\end{array} & \text { Total Utility } & \text { Marginal Utility } \\\hline 1 & 40 & \\2 & 75 & \\3 & 100 & \\4 & 115 & \\5 & & 5\\\hline \text { Number of } & \text { Total Utility } & \text { Marginal Utility } \\ \text { Hot Dogs per Day } & & \\\hline 1 & 30& \\2 & 54 & \\3 & 72& \\4 & 84& \\5 & & 6 \\\hline\end{array}$$
-Refer to Table 6.2. If the price of a candy bar is $1, the price of a hot dog is $2, and Aaron has $6 of income, Aaron's utility maximizing combination of sodas and hamburgers per day is

• A) 1 candy bar and 2 hot dogs.
• B) 4 candy bars and 1 hot dog.
• C) 2 candy bars and 1.5 hot dogs.
• D) indeterminate from this information.

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Definitions:

Ph.D. Degree

A Doctor of Philosophy degree, which is a postgraduate academic degree awarded by universities to candidates who have submitted a thesis based on original research in their field of study.

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