Examlex

Solved

Bob Budgets $12 a Week for Entertainment

question 53

Multiple Choice

Bob budgets $12 a week for entertainment. He splits his time between going to the movies and going to the gym. Each movie costs $3 and each session at the gym also costs $3. The total utility from each of these activities is shown in the table below. Bob's utility maximizing point is:
Bob budgets $12 a week for entertainment. He splits his time between going to the movies and going to the gym. Each movie costs $3 and each session at the gym also costs $3. The total utility from each of these activities is shown in the table below. Bob's utility maximizing point is:   A)  3 movies; 3 gym workout sessions B)  4 movies; 0 gym workout sessions C)  4 movies; 2 gym workout sessions D)  1 movie; 5 gym workout sessions


Definitions:

Biofilms

Complex communities of microorganisms that adhere to surfaces and are encased in a self-produced protective matrix.

Dental Plaque

A sticky film of bacteria and substances they produce, which accumulates on teeth and can lead to dental caries and gum disease if not regularly removed.

Surgical Implants

Medical devices placed inside the human body during surgery for the purpose of supporting or replacing an organ or structure.

Sexual Reproduction

A biological process that creates a new organism by combining the genetic material of two organisms.

Related Questions