Max consumes coffee and sugar in the fixed proportion of 3 packs of coffee to 2 packs of sugar. A pack of coffee costs $10, and a pack of sugar costs $10. Max has income of $200. a. Max chooses 10 packs of coffee cross out b. Max chooses 10 packs of sugar cross out c. Coffee and sugar to Max are perfect substitutes cross out d. Max chooses 12 packs of cream cross out e. None of the other statements are correct

Max consumes coffee and sugar in the fixed proportion of 3 packs of coffee to 2 packs of sugar. A pack of coffee costs $10, and a pack of sugar costs $10. Max has income of $200. a. Max chooses 10 packs of coffee cross out b. Max chooses 10 packs of sugar cross out c. Coffee and sugar to Max are perfect substitutes cross out d. Max chooses 12 packs of cream cross out e. None of the other statements are correct

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section6.A: Indifference Curve Analysis

Problem 6SQ

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