The Following Table Shows the Marginal Benefit That Marcus Derives

question 132

Multiple Choice

The following table shows the marginal benefit that Marcus derives by consuming different quantities of hotdog and soda. The price of a hotdog is $3, and the price of a soda is $1.

-Refer to the table above.If Marcus consumes 3 hotdogs and 0 sodas -not necessarily his optimal choice- how much consumer surplus is he enjoying?

• A) $27
• B) $9
• C) $6
• D) $24

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Definitions:

Impulses

Sudden, involuntary urges to act or react that can drive behavior without conscious planning.

Ego

In psychoanalytic theory, the part of the psyche that mediates between the desires of the id, the realities of the external world, and the moral standards of the superego.

Libido

A term that describes one's overall sexual drive or desire for sexual activity.

Transference

According to psychodynamic theorists, the redirection toward the psychotherapist of feelings associated with important figures in a patient’s life, now or in the past.