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Question
Refer to the following table to answer the following questions:
| Strawberries Consumed | Total Utility | Apples Consumed | Total Utility |
| 0 | 0 | 0 | 0 |
| 1 | 7 | 1 | 14 |
| 2 | 13 | 2 | 26 |
| 3 | 18 | 3 | 36 |
| 4 | 22 | 4 | 44 |
| 5 | 25 | 5 | 50 |
| 6 | 27 | 6 | 54 |
| 7 | 28 | 7 | 56 |
If the purchase of 5 strawberries and 5 apples maximizes your utility per dollar, the price of strawberries must be ________ if the price of apples is $3.00.
a. $1.00
b. $2.00
c. $1.50
d. $2.50
e. $3.00
Answer
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