Refer to the Information Provided in Table 6 -Refer to Table 6

question 153

Multiple Choice

Refer to the information provided in Table 6.2 below to answer the question(s) that follow.
Table 6.2
$$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Number of } \\\text { Candy Bars per Day }\end{array} & \text { Total Utility } & \text { Marginal Utility } \\\hline 1 & 40 & \\\hline 2 & 75 & \\\hline 3 & 100 & \\\hline 4 & 115 & \\\hline 5 & & 5 \\\hline \begin{array} { c } \text { Number of } \\\text { Hot Dogs per Day }\end{array} & \text { Total Utility } & \text { Marginal Utility } \\\hline 1 & 30 & \\\hline 2 & 54 & \\\hline 3 & 72 & \\\hline 4 & 84 & \\\hline 5 & & 6 \\\hline\end{array}$$
-Refer to Table 6.2. If the price of a candy bar is $1, the price of a hot dog is $2, and Aaron has $6 of income, Aaron's utility-maximizing combination of candy bars and hot dogs per day is

• A) 1 candy bar and 2 hot dogs.
• B) 4 candy bars and 1 hot dog.
• C) 2 candy bars and 1.5 hot dogs.
• D) indeterminate from this information.

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Definitions:

Performance

The act of carrying out an activity or fulfilling a task with a certain level of efficiency and effectiveness, often measured against pre-established standards.

Self-efficacy

An individual's belief in their capacity to execute behaviors necessary to produce specific performance achievements.

Task Performance

An individual's effectiveness in executing the duties and responsibilities that directly support the core functions of their job.

Management by Objectives

A management model that involves setting specific, measurable objectives that are agreed upon by both management and employees.