Christoph, who consumes only luxury bacon sandwiches and luxury sausage rolls, has a weekly income of €164. He is currently consuming 10 bacon sandwiches per week, at a price of €10 each, and 8 sausage rolls per week, at a price of €8 each. If the last bacon sandwich and the last sausage roll both added 80 units to Christoph's total utility: O He is making the utility-maximising choice O He should buy more bacon sandwiches and fewer sausage rolls O He obtains the same additional utility per euro from both goods O He obtains more additional utility per euro from sausage rolls than from bacon sandwiches O Both A and C O No answer
Christoph, who consumes only luxury bacon sandwiches and luxury sausage rolls, has a weekly income of €164. He is currently consuming 10 bacon sandwiches per week, at a price of €10 each, and 8 sausage rolls per week, at a price of €8 each. If the last bacon sandwich and the last sausage roll both added 80 units to Christoph's total utility: O He is making the utility-maximising choice O He should buy more bacon sandwiches and fewer sausage rolls O He obtains the same additional utility per euro from both goods O He obtains more additional utility per euro from sausage rolls than from bacon sandwiches O Both A and C O No answer
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 3SQP
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Transcribed Image Text:Christoph, who consumes only luxury bacon sandwiches and luxury sausage rolls, has a weekly income of €164. He is currently consuming 10 bacon sandwiches per week, at a price of €10
each, and 8 sausage rolls per week, at a price of €8 each. If the last bacon sandwich and the last sausage roll both added 80 units to Christoph's total utility:
O He is making the utility-maximising choice
O He should buy more bacon sandwiches and fewer sausage rolls
O He obtains the same additional utility per euro from both goods
O He obtains more additional utility per euro from sausage rolls than from bacon sandwiches
O Both A and C
No answer
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