Units of Oil Paints Marginal Utility of Units of Canvases Marginal Utility Oil Paints of Canvases
1 10 1 25
2 7.5 2 20
3 5 3 15
4 2.5 4 10
5 1 5 5
Chris has $35 and spends it all on paints and canvases. If oil paints are $2.50 per unit and canvases are $25 per unit, Chris will maximize his utility by buying which of the following combinations of paints and canvases?
a. 1 canvas and 1 paint.
b. 1 canvas and 3 paints.
c. 1 canvas and 4 paints.
d. 2 canvases and 0 paints.
e. 2 canvases and 1 paint.