(Table) Based on the Table, the Price of a Chinese

question 135

Multiple Choice

(Table) Based on the table, the price of a Chinese buffet dinner costs $10 and an evening of bowling costs $20. Bill has $100 per month to spend. Assuming Bill is a utility-maximizing consumer, he will spend his first $20 _____ and his second $20 _____.
$\begin{array}{c}\hline {\text { Chinese Buffet }} \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad {\text { Bowling }} \\\begin{array}{|c|c|c|c|c|c|c|c|}\hline \text { Quantity } & \begin{array}{c}\text { Total } \\\text { Utility }\end{array} & \begin{array}{c}\text { Marginal } \\\text { Utility }\end{array} & \text { MU.per \$1 } & \text { Quantity } & \begin{array}{c}\text { Total } \\\text { Utility }\end{array} & \begin{array}{c}\text { Marginal } \\\text { Utility }\end{array} & \text { MUper \$1 } \\\hline 0 & 0 & - & & 0 & 0 & - & \\\hline 2 & 100 & 100 & & 1 & 70 & 70 & \\\hline 4 & 180 & 80 & & 2 & 130 & 60 & \\\hline 6 & 230 & 65 & & 3 & 180 & 50 & \\\hline 8 & 280 & 50 & & 4 & 220 & 40 & \\\hline 10 & 315 & 35 & & 5 & 250 & 30 & \\\hline\end{array}\end{array}$

• A) eating two Chinese dinners; bowling
• B) eating two Chinese dinners; eating two Chinese dinners
• C) bowling; eating two Chinese dinners
• D) bowling; bowling

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Definitions:

Seniority

Length of the worker’s employment, which may be used for determining order of promotion, layoffs, vacation, etc.

Employee-related Decisions

Decisions made by an organization that directly affect its workforce, including hiring, promotions, terminations, and policy changes.

Promotions

The advancement of an employee's rank or position in an organizational hierarchy, often accompanied by increased responsibilities and salary.

Overtime

Additional time worked beyond the regular working hours, often compensated at a higher pay rate.