(Figure: Utility Table Alpha) in the Table, Assume That a Consumer

question 58

Multiple Choice

(Figure: Utility Table Alpha) In the table, assume that a consumer has a budget of $18, apple juice costs $2 per bottle, and scones cost $3 each. Utility will be maximized by buying:
$\quad\quad\quad\quad\text { Apple Juice }$ $\quad\quad\quad\quad\quad\quad\quad\text { Scones }$
$\begin{array}{|c|c|c|c|}\hline \text { Quantity } & \text { Total Utility } & \text { Quantity } & \text { Total Utility } \\\hline 0 & 0 & 0 & 0 \\\hline 1 & 25 & 1 & 31 \\\hline 2 & 43 & 2 & 60 \\\hline 3 & 56 & 3 & 83 \\\hline 4 & 66 & 4 & 105 \\\hline 5 & 74 & 5 & 116 \\\hline\end{array}$

• A) 5 bottles of apple juice and 3 scones.
• B) 4 bottles of apple juice and 3 scones.
• C) 3 bottles of apple juice and 4 scones.
• D) 2 bottles of apple juice and 5 scones.

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Definitions:

Maintaining Balances

The act of keeping various aspects of life or work in equilibrium, such as work-life balance, financial stability, or emotional well-being.

Raising Bar

The act of increasing standards or expectations in order to achieve higher performance or quality.

Competence Stage

A phase in skill acquisition where individuals gain more confidence and ability to perform a task efficiently, but may still require occasional guidance.

Autonomously

Acting independently or having the freedom to make one's own decisions without external control.