-Refer to the Above Table

question 61

Multiple Choice

-Refer to the above table. The marginal utility of the 5th movie for Robert is

• A) 400 units of utility.
• B) 50 units of utility.
• C) 60 units of utility.
• D) 70 units of utility.

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Definitions:

Disposable Income

The amount of money that households have available for spending and saving after income taxes have been deducted.

Average Propensity

The average tendency of an entity (such as a household) to spend a portion of income; can pertain to consumption or saving.

Disposable Income

Disposable income is the portion of an individual's or household's earnings left over for savings and expenditures after paying off income taxes.

Autonomous C

Autonomous consumption, the level of spending not influenced by current levels of income.