Table 7-5 Table 7-5 Lists Jay's Marginal Utilities for Burgers and Pepsi

question 128

Multiple Choice

Table 7-5
$$\begin{array} { | c | c | c | c | } \hline \begin{array} { c } \text { Quantity of } \\\text { Burgers }\end{array} & \begin{array} { c } \text { Marginal } \\\text { Utility }\end{array} & \begin{array} { c } \text { Quantity of } \\\text { Pepsi }\end{array} & \begin{array} { c } \text { Marginal } \\\text { Utility }\end{array} \\\hline 1 & 20 & 1 & 30 \\\hline 2 & 14 & 2 & 10 \\\hline 3 & 10 & 3 & 7 \\\hline 4 & 3 & 4 & 5 \\\hline 5 & 1 & 5 & 1 \\\hline 6 & - 5 & 6 & 0 \\\hline 7 & - 10 & 7 & - 4 \\\hline\end{array}$$
Table 7-5 lists Jay's marginal utilities for burgers and Pepsi.Jay has $7 to spend on these two goods. The price of a burger is $2 and the price of a can of Pepsi is $1.
-Refer to Table 7-5.What is Jay's optimal consumption bundle?

• A)1 burger and 2 Pepsis
• B)2 burgers and 3 Pepsis
• C)3 burgers and 1 Pepsi
• D)3 burgers and 2 Pepsis

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Definitions:

Wernicke's Area

A region of the brain involved in understanding spoken language, located in the temporal lobe.

Aphasia

A disorder resulting from damage to parts of the brain that are responsible for language, leading to difficulties in speaking, reading, writing, or understanding language.

Cognitive Development

The process of growth and change in intellectual capabilities, including thinking, reasoning, problem-solving, and understanding complex concepts.

Piaget

Refers to Jean Piaget, a Swiss developmental psychologist best known for his theory of cognitive development in children.