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ElenaW [278]
3 years ago
11

Suppose a consumer is trying to decide how much to spend on foodfood and how much to spend on all other ​(non-foodfood​) consump

tion. The economic model of consumer behavior predicts that the consumer will
A. choose the combination of foodfood and ​non-foodfood consumption that makes her as well off as possible from among the combinations of foodfood and ​non-foodfood items she can afford.
B. consume any combination of foodfood and ​non-foodfood consumption from among the combinations of foodfood and ​non-foodfood items she can afford.
C. consume an infinite amount of foodfood and ​non-foodfood consumption.
D. consume as much foodfood and as much ​non-foodfood consumption as she wants.
E. consume as much foodfood as she can afford without any ​non-foodfood consumption.
Business
1 answer:
elena55 [62]3 years ago
3 0

Answer:

The answer is: A. choose the combination of food and ​non-food consumption that makes her as well off as possible from among the combinations of food and ​non-food items she can afford.

Explanation:

The economic model of consumer behavior states that an individual will consume the products or services that maximize his (or her) benefits and overall well-being while minimizing costs.

So this consumer should choose the combination of products (between food and non-food products) that maximize his well-being while having the lowest possible cost.

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Answer:

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Explanation:

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we can substitute Z:

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0.05 (X + Y) = 0.04X + 0.08Y

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X = 0.03Y / 0.01 = 3Y

This means that we must choose one value for Y that divided by 3 equals another option:

the only possibility that fits the equation is:

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Answer:

$2,254

Explanation:

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