The table shows the marginal benefit that Marcus derives by consuming different quantities of hotdog and soda. The price of a hotdog is $3, and the price of a soda is $1.SodaMarginal Benefits ($)Marginal Benefits ($)10ITT864210.6What is the optimal combination of Soda and Hotdog for Marcus, if his weekly budget for hotdog and soda is $14?Quantity23456O A. 2 sodas, and 4 hotdogsO B. 3 sodas, and 3 hotdogsO C. 5 sodas, and 3 hotdogsO D. 6 sodas, and 5 hotdogsHotdog1812631

Marginal benefits refer to the additional benefit a consumer derives from additional consumption of…

The table shows the marginal benefit that Marcus derives by consuming different quantities of hotdog and soda. The price of a hotdog is $3, and the price of a soda is $1. Soda Marginal Benefits ($) 10 itt 8 6 4 1 What is the optimal combination of Soda and Hotdog for Marcus, if his weekly budget for hotdog and soda is $14? Quantity Hotdog O A. 2 sodas, and 4 hotdogs OB. 3 sodas, and 3 hotdogs OC. 5 sodas, and 3 hotdogs O D. 6 sodas, and 5 hotdogs Marginal Benefits (S) 18 12 6 3 0.6

The table shows the marginal benefit that Marcus derives by consuming different quantities of hotdog and soda. The price of a hotdog is $3, and the price of a soda is $1. Soda Marginal Benefits ($) 10 itt 8 6 4 1 What is the optimal combination of Soda and Hotdog for Marcus, if his weekly budget for hotdog and soda is $14? Quantity Hotdog O A. 2 sodas, and 4 hotdogs OB. 3 sodas, and 3 hotdogs OC. 5 sodas, and 3 hotdogs O D. 6 sodas, and 5 hotdogs Marginal Benefits (S) 18 12 6 3 0.6

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section: Chapter Questions

Problem 4SQP

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