Table 21-3
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Ethan Consumes Two Goods, Milk and Pretzels

question 167

Multiple Choice

Table 21-3
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Ethan consumes two goods, milk and pretzels. Milk costs $2 per glass, and he consumes it to the point where the marginal utility he receives from his last glass of milk is 6. Pretzels cost $4 per bag. The relationship between the marginal utility Ethan gets from eating a bag of pretzels and the number of bags he eats per month is as follows:
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$$\begin{array} { | c | c | } \hline \text { Bags of Pretzels } & \text { Marginal Utility } \\\hline 1 & 30 \\\hline 2 & 20 \\\hline 3 & 12 \\\hline 4 & 6 \\\hline 5 & 2 \\\hline 6 & 0 \\\hline\end{array}$$ ​
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-Samantha is maximizing total utility while consuming food and clothing. Her marginal utility from food is 50, and her marginal utility from clothing is 25. If clothing is priced at $10 per unit, the price of food per unit must be

• A)$2.
• B)$2.50.
• C)$5.
• D)$20.

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Definitions:

Job Satisfaction

This entails the degree of pleasure or positive emotional state resulting from the appraisal of one's job or job experiences.

Techno-ambiguity

The uncertainty and lack of clarity experienced by individuals when dealing with technology in the workplace or in everyday life.

Techno-overload

The stress or pressure felt by individuals due to the overwhelming amount of technology they are required to interact with or manage.

Internal Locus

The belief that one controls their own destiny and outcomes are a result of personal effort rather than external forces.