Quincy Consumes Only Uglifruits and Bananas

question 68

Multiple Choice

Quincy consumes only uglifruits and bananas.His only source of income is an initial endowment of 30 units of uglifruits and 10 units of bananas.Quincy insists on consuming uglifruits and bananas in fixed proportions, 1 unit of uglifruits per 1 unit of bananas.He initially faces a price of $20 per unit for each fruit.The price of uglifruits rose to $40 per unit while the price of bananas stayed unchanged.After the price change, he would

• A)increase his consumption of uglifruits by exactly 3.33 units.
• B)decrease his consumption or uglifruits by at least 3.33 units.
• C)decrease his consumption of uglifruits by exactly 5.33 units.
• D)increase his consumption of uglifruits by exactly 13.33 units.
• E)decrease his consumption of bananas by at least 1 unit.

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Factor-Comparison Method

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