-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

---

Definitions:

Coffee Sales

Transactions that involve the buying and selling of coffee products to consumers or businesses.

Total Revenue

The total amount of money generated from the sale of goods or services by a company before any expenses are deducted.

Total Revenue

The total amount of money received by a company from sales of goods or services before any expenses are subtracted.

Price Elasticity

A measure of how much the quantity demanded or supplied of a good changes in response to a change in its price.