Question 15 Rudolph has a budget of $22 to spend on rice ( R) and chicken...

Question 15

Rudolph has a budget of $22 to spend on rice ( R) and chicken nuggets ( N). The price of rice is $4.04 per pound, and the price of chicken nuggets is $3.28 per unit. The table below shows the marginal utilities that the consumer gets from the different quantities of both.

Q	*MU_R*	*MU_N*
1	20	19
2	18	16
3	16	13
4	14	10
5	12	7
6	10	4
7	8	1
8	6	0
9	4	0
10	2	0

What is the optimal bundle of rice and chicken nuggets ( Q_R, Q_N) for Rudolph? ( Q_R, Q_N) =

	A.	(3, 3)
	B.	(4, 4)
	C.	(2, 4)
	D.	(4, 3)
	E.	(4, 2)

Solutions

Expert Solution

Rahul Sunny answered 1 year ago

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