The table above shows Tom's total utility from milkshakes and sodas. Tom's total budget for milkshakes and sodas is $20.00 per week. Milkshakes cost $2.00 each and sodas cost $1.00 each

What quantity of sodas does Tom purchase at his consumer equilibrium? A) five
B) six
C) seven
D) eight

B

Economics

You might also like to view...

Life cycle patterns create substantial inequality across age groups

Indicate whether the statement is true or false

View
Economics

A survey of income by county revealed that four of the five wealthiest counties were located in the suburbs surrounding Washington, D.C. Why?

View
Economics