Refer to the information provided in Table 6.2 below to answer the question(s) that follow.
Table 6.2Number ofCandy Bars per DayTotal UtilityMarginal Utility140?275?3100?4115?5?5Number ofHot Dogs per DayTotal UtilityMarginal Utility130?254?372?484?5?6Refer 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 candy bars and hot dogs per day is
A. 2 candy bars and 1.5 hot dogs.
B. 4 candy bars and 1 hot dog.
C. 1 candy bar and 2 hot dogs.
D. indeterminate from this information.
Answer: B
Economics
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