Jill likes to consume coffee and cream in a very particular way: with every cup of coffee she always consumes two 0.5 oz. cream containers. Jill is a utility maximizer and decides to spend her income is $120 per month on coffee and cream. If the price of each coffee cup is $2.50, and the price of each cream container is $0.25, she will consume ______ cups of coffee and ______ cream containers per month. A) 48; 96. B) 96; 48. C) 240; 480 D) 80; 40 E) None of the above.

Jill likes to consume coffee and cream in a very particular way: with every cup of coffee she always consumes two 0.5 oz. cream containers. Jill is a utility maximizer and decides to spend her income is $120 per month on coffee and cream. If the price of each coffee cup is $2.50, and the price of each cream container is $0.25, she will consume cups of coffee and cream containers per month. A) 48; 96. B) 96; 48. C) 240; 480 D) 80; 40 E) None of the above.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section: Chapter Questions

Problem 19SQ

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