The relative price of beer to bacon is 2:1. If Bob's current consumption is at a level where MU beer / MU bacon is 1:2, then to maximize total utility Bob must

Question

The relative price of beer to bacon is 2:1. If Bob's current consumption is at a level where  MU beer / MU bacon  is 1:2, then to maximize total utility Bob must

Accepted Answer

consume less beer and more bacon.

Answer

consume twice as much beer and half as much bacon.

Answer

consume more beer and less bacon.

Answer

raise the price of beer.

Answer

not change his current consumption of beer and bacon.

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The relative price of beer to bacon is 2:1. If Bob's current consumption is at a...

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