Consider a consumer who spends all income on only two goods: bread and wine. An extra loaf of bread would give the consumer 10 extra utils, while an extra bottle of wine would give the consumer 60...

two goods: bread and wine. An extra loaf of bread

would give the consumer 10 extra utils, while an

extra bottle of wine would give the consumer 60

extra utils. Bread costs 50 cents per loaf, and wine

costs $6 per bottle. In this situation, the consumer

a. could increase utility by buying more bread and

less wine.

b. could increase utility by purchasing more wine

and less bread.

c. has maximized utility and attained the consumer

equilibrium.

d. is violating the law of diminishing marginal utility.