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
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