The price of bread is $1.50 per pound and the price of butter is $3 per pound. Steve has an income of $30, with which he buys 4 pounds of bread. How many pounds of butter does he buy, assuming he buys nothing else and he maximizes his utility?
A. 8
B. 12
C. 4
D. There is not enough information to answer the question.
A. 8
Economics
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