(Table: Marginal Utility Schedule for Joachim) Looking at the Table

question 18

Multiple Choice

(Table: Marginal Utility Schedule for Joachim) Looking at the table, what is a likely change if Joachim caught a bad cold, was congested, and had a runny nose for several days?
$\begin{array}{|l|c|c|c|c|}\hline & \begin{array}{c}M U \text { movie ticket } \\P=\$ 10\end{array} & \begin{array}{c}M U \text { hamburger } P= \\\$ 5\end{array} & \begin{array}{c}M U \text { pair of socks } \\P=\$ 4\end{array} & \begin{array}{c}M U \text { box of tissues } \\P=\$ 3\end{array} \\\hline \text { 1st } & 30 & 17 & 6 & 3 \\\hline \text { 2nd } & 25 & 12.5 & 3 & 2 \\\hline \text { 3rd } & 18 & 10 & 1 & 1 \\\hline \text { 4th } & 8 & 4 & 0 & 0 \\\hline 5 \text { th } & 0 & 0 & & \\\hline\end{array}$

• A) There would be no change in Joachim's preferences.
• B) The marginal utility from hamburgers and movie tickets would rise.
• C) The marginal utility for boxes of tissues would rise.
• D) The price of tissues is likely to rise.

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Definitions:

Supplemental Cash Flows

These are disclosures in financial reporting that provide additional information about a company's cash flow activities that are not included in the standard cash flow statement.

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The actual outflow of cash from a company to settle obligations or acquire goods and services.

Current Liabilities

short-term financial obligations that are due within one year or within the normal business cycle.

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, that are expected to generate economic benefits.