Use the Following to Answer Questions

question 79

Multiple Choice

Use the following to answer questions:
Figure: Consumer Equilibrium I
The figure shows three of Owen's indifference curves for pizza and soda per week. Owen has $180 per month to spend on the two goods. The price of a pizza is $20, and the price of a soda is $1.50.
-(Figure: Consumer Equilibrium I) Look at the figure Consumer Equilibrium I. If in equilibrium Owen receives marginal utility of 10 utils from the last pizza he consumes, his marginal utility from the last soda must be _____ utils.

• A) 0.50
• B) 0.75
• C) 1.5
• D) 13.3

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Definitions:

Liver

A large, vital organ that performs numerous functions including detoxification, protein synthesis, and the production of biochemicals necessary for digestion.

Stomach

A hollow organ in the gastrointestinal tract that plays a key role in digestion of food by churning it and mixing it with digestive acids.

Duodenum

The first section of the small intestine immediately beyond the stomach, where most chemical digestion occurs.

Common Bile Duct

A duct that carries bile from the liver and gallbladder to the duodenum, part of the digestive system.