Solved

Exhibit 6-4 Total Utility for Multiplex Tickets, Video Rentals, and Popcorn

Question 51

Multiple Choice

Exhibit 6-4 Total utility for multiplex tickets, video rentals, and popcorn
Exhibit 6-4 Total utility for multiplex tickets, video rentals, and popcorn   In Exhibit 6-4, assume the Multiplex tickets cost $6 each, video rentals cost $2 each, and bags of popcorn cost $1 each. Suppose the consumer has $12 per week to spend on multiplex tickets, video rentals, and popcorn. What combination of goods will give the consumer the most utility? A)  1 movie, 3 videos, and no popcorn. B)  1 movie, 2 videos, and 2 bags of popcorn. C)  1 movie, 1 video, and 4 bags of popcorn. D)  2 movies, no videos, and no bags of popcorn.
In Exhibit 6-4, assume the Multiplex tickets cost $6 each, video rentals cost $2 each, and bags of popcorn cost $1 each. Suppose the consumer has $12 per week to spend on multiplex tickets, video rentals, and popcorn. What combination of goods will give the consumer the most utility?


A) 1 movie, 3 videos, and no popcorn.
B) 1 movie, 2 videos, and 2 bags of popcorn.
C) 1 movie, 1 video, and 4 bags of popcorn.
D) 2 movies, no videos, and no bags of popcorn.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions