Quantity 4 6 MU of Bread 4 bread 2 bread O bread 6 bread |- 6 5 MU of Fish 10 8 6 Assume the price of bread is $1 each and the price of fish is $2 each. Using the table above, what is consumer optimal amount of bread when the income is $8?

Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Theory Of Consumer Choice
Section: Chapter Questions
Problem 13PA
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Quantity
0
2
4
6
MU of Bread
4 bread
2 bread
O bread
6 bread
6
5
4
MU of Fish
10
8
6
Assume the price of bread is $1 each and the price of fish is $2 each. Using the table
above, what is consumer optimal amount of bread when the income is $8?
Transcribed Image Text:Quantity 0 2 4 6 MU of Bread 4 bread 2 bread O bread 6 bread 6 5 4 MU of Fish 10 8 6 Assume the price of bread is $1 each and the price of fish is $2 each. Using the table above, what is consumer optimal amount of bread when the income is $8?
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