Switch to chocolate ice cream

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Reference no: EM131258572

Joshua is a utility maximizer and likes ice cream. He likes vanilla ice cream, but would happily switch to chocolate ice cream if offered 1 scoop of chocolate ice cream for every scoop of vanilla ice cream he has to give up. He has $5 of income to spend on ice cream If vanilla ice cream costs $1 per scoop and chocolate ice cream costs $2.5 per scoop, Joshua will consume ______ scoops of chocolate and ______ scoops of vanilla ice cream per day.

A) 0; 5

B) 5; 0

C) 2; 0

D) 0; 2

E) None of the above

Reference no: EM131258572

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