Examlex

Solved

George Consumes Two Goods,milk and Cookies

question 134

Multiple Choice

George consumes two goods,milk and cookies.He has maximized his utility given his income.Milk costs $2 per gallon and he consumes it to the point where the marginal utility he receives from drinking a gallon of milk is 6.Cookies cost $4 per bag and the relationship between the marginal utility that George gets from eating a bag of cookies and the number of bags he eats per month is as follows: George consumes two goods,milk and cookies.He has maximized his utility given his income.Milk costs $2 per gallon and he consumes it to the point where the marginal utility he receives from drinking a gallon of milk is 6.Cookies cost $4 per bag and the relationship between the marginal utility that George gets from eating a bag of cookies and the number of bags he eats per month is as follows:   How many bags of cookies does George buy each month? A) 1 B) 2 C) 3 D) 4
How many bags of cookies does George buy each month?


Definitions:

Temperature Regulation

The physiological and behavioral processes by which an organism maintains its body temperature within an optimal range.

Sacral

Pertaining to the sacrum, the triangular bone at the base of the spine in between the hip bones of the pelvis.

Thoracic

Pertaining to the chest region of the body, including the thoracic cavity that houses the heart and lungs.

Lumbar

Referring to the lower part of the spine consisting of five vertebrae.

Related Questions