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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
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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.

User Porges
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4 votes

Answer:

C. Robert is an Alcoholic

Step-by-step explanation:

User Niels Bosman
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