Can you quickly give workings of the following question please? Bob views apples and oranges as perfect substitutes in his consumption, and MRS = 1 for allcombinations of the two goods in his indifference map. Suppose the price of apples is $4 perpound, the price of oranges is $3 per pound, and Bobʹs budget is $30 per week. What is Bobʹsutility maximizing choice between these two goods? A. 4 pounds of apples and 6pounds of oranges B. 5 pounds of apples and 5pounds of oranges C. no apples and 10 pounds oforanges D. 15 pounds of apples and nooranges

Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter6: Consumer Choice And Demand
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Can you quickly give workings of the following question please?

Bob views apples and oranges as perfect substitutes in his consumption, and MRS = 1 for allcombinations of the two goods in his indifference map. Suppose the price of apples is $4 perpound, the price of oranges is $3 per pound, and Bobʹs budget is $30 per week. What is Bobʹsutility maximizing choice between these two goods?

A.

4 pounds of apples and 6pounds of oranges

B.

5 pounds of apples and 5pounds of oranges

C.

no apples and 10 pounds oforanges

D.

15 pounds of apples and nooranges

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