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(Table) Using the Information in the Table, Assume the Consumer

question 222

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(Table) Using the information in the table, assume the consumer has a weekly budget of $3; the price of a root beer is $1 and the price per candy bar is $0.50. If the consumer maximizes utility, total utility is _____ utils.
 Root Beer  Candy Bars  Quantity  Total Utility  Quantity  Total Utility 00001601802110215031503200418042305200524062106240\begin{array}{l}\hline \quad \quad \quad {\text { Root Beer }} \quad \quad \quad \quad \quad \quad \quad \quad {\text { Candy Bars }} \\\begin{array}{|c|c|c|c|}\hline \text { Quantity } & \text { Total Utility } & \text { Quantity } & \text { Total Utility } \\\hline 0 & 0 & 0 & 0 \\\hline 1 & 60 & 1 & 80 \\\hline 2 & 110 & 2 & 150 \\\hline 3 & 150 & 3 & 200 \\\hline 4 & 180 & 4 & 230 \\\hline 5 & 200 & 5 & 240 \\\hline 6 & 210 & 6 & 240 \\\hline\end{array}\end{array}

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Definitions:

Unemployment

The state of being without a job despite actively seeking work, reflected as a percentage of the labor force.

National Standard

Officially recognized guidelines or specifications set by a country, covering various aspects such as quality, safety, and efficiency.

Technological Improvements

Enhancements or advancements in technology that increase productivity or efficiency in processes, products, or services.

Real Income

An individual's income adjusted for inflation, reflecting the actual purchasing power of the income.

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