asked 143k views
4 votes
A bottle of wine costs $8 and a quiche, $5. At Robert's present levels of consumption, he spends all his income and receives marginal utility of $10 from the last bottle of wine and marginal utility of $4 from the last quiche. To maximize his total utility, Robert should a. buy less wine and more quiche. b. buy more wine and less quiche. c. spend all of his money on wine. d. spend all of his money on quiche.

asked
User Porges
by
8.2k points

1 Answer

4 votes

Answer:

C. Robert is an Alcoholic

Step-by-step explanation:

answered
User Niels Bosman
by
8.2k points
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