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

Answer

consume twice as much beer and half as much bacon.

Answer

not change his current consumption of beer and bacon.

Answer

consume more beer and less bacon.

Answer

consume less beer and more bacon.

Answer

raise the price of beer.

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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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