The Following Table Shows Mia's $ Marginal Utility for Litres

question 132

Multiple Choice

The following table shows Mia's $ marginal utility for litres of soya milk:

-Refer to the above table to answer this question.Suppose that Mia has a budget of $7 and the price of a litre of soya milk is $1,how much consumer surplus will Mia receive as a result of her purchases?

• A)0.
• B)$1.
• C)$15.
• D)$35.
• E)Cannot be determined.

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Definitions:

Frontal Lobes

Regions of the brain involved in decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.

Amygdala

A part of the brain involved in processing emotions, including fear, pleasure, and anger.

Hypothalamus

A region of the brain that coordinates both the autonomic nervous system and the activity of the pituitary, controlling body temperature, hunger, thirst, fatigue, and circadian cycles.

Reflected Appraisal

A process where individuals form perceptions of themselves based on how they believe others view them.