Table 91 -Refer to Table 9

question 148

Multiple Choice

Table 9.1
$$\begin{array}{l}\text { Table } 9.1\\\begin{array} { c c } \begin{array} { c } \text { Disposable } \\\text { Income } ( \$ ) \end{array} & \text { Consumption } ( \$ ) \\\hline 1,000 & 800 \\1,100 & 880 \\1,200 & 960 \\1,300 & 1,040 \\1,400 & 1,120\end{array}\end{array}$$
-Refer to Table 9.1, which shows the disposable income and consumption of a household. The level of saving at a disposable income of $1,200 is _____

• A) $80
• B) $240
• C) $950
• D) $1,200
• E) $1,300

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Definitions:

Diminishing Marginal Utility

The decrease in satisfaction or usefulness as additional units of a product are consumed.

Staples

Basic or essential food items or goods that are widely used and regularly consumed by households.

Paper Clips

Tiny segments of twisted wire or plastic designed to keep pages of paper attached.

Marginal Utility

The additional satisfaction or utility a consumer receives from consuming one additional unit of a good or service.