(Table: Marginal Utility Schedule for Joachim) Joachim Has $72 Available

question 353

Multiple Choice

(Table: Marginal Utility Schedule for Joachim) Joachim has $72 available to spend on movie tickets, hamburgers, socks, and tissues. Given his marginal utility schedules for these items, what mix of goods will he buy if he seeks to maximize utility? (Note that he may or may not have $1 left over.)
$\begin{array}{|l|c|c|c|c|}\hline & \begin{array}{c}M U \text { movie ticket } \\P=\$ 10\end{array} & \begin{array}{c}M U \text { hamburger } P= \\\$ 5\end{array} & \begin{array}{c}M U \text { pair of socks } \\P=\$ 4\end{array} & \begin{array}{c}M U \text { box of tissues } \\P=\$ 3\end{array} \\\hline \text { 1st } & 30 & 17 & 6 & 3 \\\hline \text { 2nd } & 25 & 12.5 & 3 & 2 \\\hline \text { 3rd } & 18 & 10 & 1 & 1 \\\hline \text { 4th } & 8 & 4 & 0 & 0 \\\hline 5 \text { th } & 0 & 0 & & \\\hline\end{array}$

• A) three movie tickets, four hamburgers, four pairs of socks, and two boxes of tissues for a total of $72
• B) four movie tickets, three hamburgers, four pairs of socks, and no boxes of tissues for a total of $71
• C) four movie tickets, four hamburgers, two pairs of socks, and one box of tissues for a total of $71
• D) three movie tickets, four hamburgers, three pairs of socks, and three boxes of tissues for a total of $71

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A chronic condition characterized by the compulsive use of substances despite harmful consequences, leading to mental and physical dependence.

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The harmful or hazardous use of psychoactive substances, including alcohol and illicit drugs, leading to addiction or dependency.