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    Business
  3. Study Set
    Managerial Economics
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    Exam 3: Consumer Behavior and Rational Choice
  5. Question
    Suppose Al Is Currently Consuming Five Movies and Two Concerts
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Suppose Al Is Currently Consuming Five Movies and Two Concerts

Question 1

Question 1

Multiple Choice

Suppose Al is currently consuming five movies and two concerts per month.If his utility function is given by U = 15MC,where M represents the number of movies seen and C represents the number of concerts attended,Al's total utility is equal to:


A) 10.
B) 15.
C) 30.
D) 75.
E) 150.

Correct Answer:

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