Multiple Choice
Refer to the above table. Suppose the price of a hamburger is $2, the price of a movie is $5, and the income of the consumer is $29. What will the consumer's total utility equal at an optimum?
-Refer to the above table. The price of a hamburger is $2, the price of a movie is $5, and the consumer's income is $29. What is the marginal utility per last dollar spent on movies equal to if the consumer is at an optimum?
A) 50
B) 40
C) 20
D) 10
Correct Answer:

Verified
Correct Answer:
Verified
Q6: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q7: Behavioral economics suggests that people face human
Q8: When marginal utility is zero, total utility
Q9: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q10: Initially, a consumer is at an optimum.
Q12: When a consumer shifts her purchases from
Q13: If the quantity of tacos is measured
Q14: What are the key properties of indifference
Q15: Economists once believed utility could be measured.
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