mr jorge

Question 1
0 out of 1 points

Root beer Candy bars
Quantity
Total
Marginal
Quantity
Total
Marginal utility utility utility utility 0
0
0
0
0
0
1
60
60
1
80
80
2
110
50
2
150
70
3
150
40
3
200
50
4
180
30
4
230
30
5
200
20
5
240
10
Reference: Ref 6-8

(Table) In the table, the total utility from consuming three root beers and two candy bars is:

Selected Answer:

310 utils.
Correct Answer:

300 utils.

Question 2
1 out of 1 points

Root beer Candy bars
Quantity
Total
Marginal
Quantity
Total
Marginal utility utility utility utility 0
0
0
0
0
0
1
60
60
1
80
80
2
110
50
2
150
70
3
150
40
3
200
50
4
180
30
4
230
30
5
200
20
5
240
10

Reference: Ref 6-8

(Table) In the table, both root beer and candy bars exhibit:

Selected Answer:

diminishing marginal utility.
Correct Answer:

diminishing marginal utility.

Question 3
1 out of 1 points

Root beer Candy bars
Quantity
Total
Marginal
Quantity
Total
Marginal utility utility utility utility 0
0
0
0
0
0
1
60
60
1
80
80
2
110
50
2
150
70
3
150
40
3
200
50
4
180
30
4
230
30
5
200
20
5
240
10
6
210
10
6
240
0

Reference: Ref 6-9

(Table) Using the information in the table, assume the consumer has a weekly budget of $2.50, the price of a root beer is $0.50, and the price of a candy bar is $1. If the consumer maximizes utility, total utility is:

Selected Answer:

230 utils.
Correct Answer:

230 utils.

Question 4
0 out of 1 points

A budget line shows:

Selected Answer:

production possibilities.
Correct Answer:

consumption possibilities.

Question 5
0 out of 1 points

A new movie is released and tickets are sold at $8 each. Pedro buys a ticket for $8 but would have spent up to $20 to see the movie. The