(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:

Proportional Basis

A system or method of allocation in which amounts or resources are distributed according to a proportionate ratio or percentage.

Third Parties

Third parties are political parties in a two-party system that are not one of the two dominant parties. They offer alternative policies and candidates but often face significant challenges in gaining widespread electoral support.

Federal Matching Funds

Public funds provided to match private donations to political candidates under certain conditions, aiming to reduce the influence of private money in elections.

Proportional Representation

An electoral system in which parties gain seats in proportion to the number of votes cast for them, offering a more direct reflection of public opinion in legislative bodies than winner-take-all systems.