-John Either Buys a Steak or Chicken When Dining Out

question 96

Multiple Choice

-John either buys a steak or chicken when dining out. John's marginal utility for steak and chicken is given in the above table. If the price of a steak is $20 and the price of a chicken is $10 and John has $50 to spend on the two goods, what combination of steak and chicken will John consume to maximize his utility?

• A) 0 steak and 5 chickens
• B) 1 steak and 3 chickens
• C) 2 steaks and 1 chicken
• D) 3 steaks and 2 chickens

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Definitions:

Combining Words

The process of forming new words or phrases by joining two or more words together.

Language's Structure

Refers to the organized system and patterns inherent to languages, including syntax, semantics, phonetics, and morphology.

Vocabulary

Vocabulary encompasses the set of words that an individual knows and correctly uses in speaking and writing.

Syntactically Incorrect

Phrases or sentences constructed in a manner that violates the rules of syntax, the set of principles that dictate the structure of sentences in a given language.