(Table) Based on the Table, Assume That a Bag of Chips

question 175

Multiple Choice

(Table) Based on the table, assume that a bag of chips costs $3. The marginal utility per dollar for the first bag of chips is
$\begin{array}{l}\hline \quad \quad \quad {\text { Bottled Water }} \quad \quad \quad \quad \quad \quad \quad {\text { Bags of Chips }} \\\begin{array}{|c|c|c|c|}\hline \text { Quantity } & \text { Total Utility } & \text { Quantity } & \text { Total Utility } \\\hline 0 & 0 & 0 & 0 \\\hline 1 & 40 & 1 & 60 \\\hline 2 & 70 & 2 & 90 \\\hline 3 & 90 & 3 & 105 \\\hline 4 & 100 & 4 & 114 \\\hline 5 & 106 & 5 & 120 \\\hline\end{array}\end{array}$

• A) 10.
• B) 60.
• C) 15.
• D) 20.

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Definitions:

Job Satisfaction

A measure of how content an individual is with their job, encompassing various factors including the nature of the work, compensation, and work environment.

Positive Affect Disposition

An individual's predisposition to experience positive moods and emotions more frequently than negative ones.

Generalized Self-Efficacy

A person's belief in their ability to perform tasks across a variety of different situations and challenges.

Job Satisfaction

The level of contentment a person feels regarding their job, which can influence their performance, relationships, and overall well-being.