Assume the Price of Cola Is $8 Per Unit and the Price

question 107

Multiple Choice

Assume the price of cola is $8 per unit and the price of pretzels is $4 per unit. Table 19.3
Michael's Utility Schedule
$\begin{array} { | c | r | c | c | c | c | } \hline \begin{array} { c } \text { Units of } \\\text { Cola }\end{array} & \text { TU of Cola } & \begin{array} { c } \text { MU of } \\\text { Cola }\end{array} & \begin{array} { c } \text { Units of } \\\text { Pretzels }\end{array} & \begin{array} { c } \text { TU of } \\\text { Pretzels }\end{array} & \begin{array} { c } \text { MU of } \\\text { Pretzels }\end{array} \\\hline 1 & 40& 40 & 1 & 30 & 30 \\\hline 2 & & 32 & 2 & & 20 \\\hline 3 & 96 & 24 & 3 & 66 & 16 \\\hline 4 & 112 & & 4 & 78 & \\\hline 5 & 124 & & 5 & 84 & \\\hline\end{array}$ Refer to Table 19.3.If Michael has $40 to spend on cola and pretzels,what is his maximum utility possible?

• A)40.
• B)174.
• C)190.
• D)208.

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Definitions:

Self-Efficacy

An individual's belief in their capability to execute behaviors necessary to produce specific performance attainments.

Enactive Mastery

Gaining confidence and proficiency in a specific skill or task through direct experience and successful performance.

Vicarious Modelling

A learning process that occurs through observing the actions of others and the consequences of those actions, rather than through personal experience.

Verbal Persuasion

The act of influencing or convincing others through spoken words, using logic, emotion, or authority.