Answer the Question on the Basis of the Following Total

question 31

Multiple Choice

Answer the question on the basis of the following total utility data for products L and M. Assume that the prices of L and M are $3 and $4, respectively, and that the consumer's income is $25 What level of total utility does the rational consumer realize in equilibrium?

• A)162 utils
• B)86 utils
• C)58 utils
• D)51 utils

---

Definitions:

Supply Chain Metrics

Quantitative measures used to assess the performance and efficiency of supply chain operations, including aspects like delivery times, costs, and inventory levels.

Performance Evaluation

The process of assessing and reviewing an employee's work performance by comparing it with preset standards and providing feedback.

Tohoku Earthquake

A magnitude 9.0 earthquake that struck off the coast of Japan on March 11, 2011, triggering massive tsunamis and leading to significant loss of life and the Fukushima Daiichi nuclear disaster.

Supply Chains

Networks of individuals, organizations, resources, activities, and technology involved in the production and sale of a product, from the delivery of source materials from the supplier to the manufacturer, and eventually to the end user.