If the Marginal Utilities Are Constant for Travel and Food

question 41

Multiple Choice

If the marginal utilities are constant for travel and food and the marginal utility per dollar of travel is 50 and the marginal utility per dollar of food is 30:

• A) the total utility of food and travel is 80.
• B) we can gain 20 units of net utility by spending one less dollar on food and one more dollar on travel.
• C) we can gain 20 units of net utility by spending one more dollar on food and one less dollar on travel.
• D) we can gain 30 units of net utility by spending one less dollar on food and one more dollar on travel.

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Definitions:

Chymotrypsin

An enzyme located in the small intestine that digests proteins into smaller peptide fragments.

Pancreas

A glandular organ in the digestive system and endocrine system of vertebrates, producing digestive enzymes and hormones such as insulin.

Digestive System

A group of organs responsible for the breakdown of food, absorption of nutrients, and elimination of waste in organisms.

Gastric Glands

Glands located in the lining of the stomach that secrete acid and enzymes, crucial for the digestion process.