If Mr McLean Thinks the Last Dollar Spent on Bowling Yields

question 37

Multiple Choice

If Mr. McLean thinks the last dollar spent on bowling yields more satisfaction than the last dollar spent on hamburgers, and McLean is a utility-maximizing consumer, he should

• A) bowl less, so the marginal satisfaction from expenditures in this area will increase.
• B) spend more on hamburgers, so total satisfaction from that activity will increase.
• C) eliminate spending on hamburgers.
• D) bowl more and spend less on hamburgers.

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Definitions:

Family of Procreation

The family unit one establishes by marrying and having or adopting children, as opposed to the family of origin into which one is born.

Lower-Middle Class

A socio-economic group situated above the working class and below the upper-middle class, often characterized by moderate income levels, job security, and some educational achievements.

Upper-Middle Class

A socio-economic class characterized by high income, significant educational attainment, and professional careers, but not part of the societal elite.

Assisted Human Reproduction Act

A law enacted by the Parliament of Canada to regulate assisted human reproduction and related research.