Utility Function for Apples and Bananas Quiz
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Questions and Answers

If a consumer obtains utility from only apples and bananas, which combination provides the same level of utility as consuming 4 apples and 1 banana?

  • 1 apple and 4 bananas (correct)
  • 2 apples and 2 bananas
  • 5 apples and 1 banana
  • 3 apples and 2 bananas
  • What combination of apples and bananas gives the consumer a higher level of utility than consuming 1 apple and 3 bananas?

  • 3 apples and 1 banana
  • 1 apple and 2 bananas
  • 4 apples and 1 banana
  • 2 apples and 2 bananas (correct)
  • Which combination provides the same level of utility as consuming 2 apples and 3 bananas?

  • 1 apple and 4 bananas
  • 3 apples and 2 bananas
  • 5 bananas (correct)
  • 4 apples and 1 banana
  • Which of the following is true about the consumer's utility function based on the provided information?

    <p>Eating only one good provides utility to the consumer.</p> Signup and view all the answers

    If a consumer wants to maximize utility based on the utility function provided, which combination should be chosen for optimal satisfaction?

    <p>2 apples and 4 bananas</p> Signup and view all the answers

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