Exhibit 6-4 Total Utility for Multiplex Tickets, Video Rentals, and Popcorn

question 55

Multiple Choice

Exhibit 6-4 Total utility for multiplex tickets, video rentals, and popcorn

In Exhibit 6-4, assume the Multiplex tickets cost $6 each, video rentals cost $2 each, and bags of popcorn cost $1 each. What is the marginal utility of renting a third video?

• A) 6 utils.
• B) 8 utils.
• C) 10 utils.
• D) 30 utils.

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Definitions:

Teleconferencing

A communication method that allows multiple participants to hold meetings or discussions remotely over telephone or internet connections.

Oral Medium

A communication channel that employs spoken language to convey messages.

Minimize Distortion

Efforts to reduce misinterpretation or alteration of information as it is communicated or transferred from one source to another.

Oral from Person

Communication or information transmitted directly through spoken word from one individual to another.