-The Table Above Gives the Utility from Pens and Pencils

question 136

Multiple Choice

-The table above gives the utility from pens and pencils. If the consumer has an income of $4, pens cost $1, and pencils cost $.20, what is the consumer's total utility when he or she maximizes utility?

• A) 374
• B) 225
• C) 405
• D) 365

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Definitions:

Factor Weighting Model

A decision-making model used to evaluate multiple alternatives based on various criteria, assigning different weights to each factor based on its importance.

Subjectivity

The influence of personal feelings, tastes, or opinions in decision-making or perception.

Suppliers

Entities that provide goods or services to another entity, typically within a supply chain or business process.