Use the Following to Answer Questions

question 232

Multiple Choice

Use the following to answer questions:
-(Table: Utility from Burgers and Milkshakes) Look at the table Utility from Burgers and Milkshakes. David's marginal utilities for milkshakes and burgers are given in the table. The price of milkshakes is $2, and the price of burgers is $5. If David's income is $10, to maximize his utility, he buys _____ shake(s) and _____ burger(s) .

• A) 1; 1
• B) no; 2
• C) 5; no
• D) 2; 1

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Definitions:

First-Past-The-Post

An electoral system in which candidates compete in single-member districts, with the winner being the candidate who receives the most votes, regardless of whether or not a majority is achieved.

Electoral System

is a set of rules that determine how elections and referendums are conducted and how their results are determined.

Model

A simplified representation of a system or phenomenon, often used in scientific research or to demonstrate complex processes in a comprehensible manner.

Al-Qaeda

An international Islamist extremist terror organization responsible for numerous attacks around the world, including the September 11 attacks in the United States.