Economics 9708 · AS & A Level · Utility and rational consumer behaviour

Utility and rational consumer behaviour — practice question

A consumer has $3 available to spend each day on chocolate bars or toffee bars, and each bar costs $1. The table below gives the extra satisfaction she gains from eating each bar. 1st chocolate bar 16 2nd chocolate bar 13 3rd chocolate bar 10 1st toffee bar 14 2nd toffee bar 12 3rd toffee bar 9 What should she purchase in order to maximise her total utility?

  • A1 chocolate bar and 2 toffee bars
  • B2 chocolate bars and 1 toffee bar
  • C3 chocolate bars
  • D3 toffee bars

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