Tom Spends $20 a Month on CDs and Magazines

question 11

Multiple Choice

Tom spends $20 a month on CDs and magazines. The price of a CD is $6 and the price of a magazine is $4. When Tom maximizes his utility, the marginal utility from CDs is ________ the marginal utility from newspapers.

• A) the same as
• B) 1/2
• C) 20 times
• D) 1 1/2 times

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Definitions:

Backlash

A strong negative reaction by a large number of people against recent events or policies.

1980s

A decade characterized by significant political, technological, and cultural shifts, including the end of the Cold War, the rise of personal computers, and distinctive fashion and music styles.

Media

Various means of communication that reach or influence people widely, such as television, newspapers, and the internet.

Contemporary Feminists

Modern individuals or groups who advocate for gender equality and women's rights, reflecting current issues and societal trends.