Examlex

Solved

Terence Has $50 Per Week to Spend on Subway Sandwiches

question 296

Multiple Choice

Terence has $50 per week to spend on Subway sandwiches and milkshakes.The price of a Subway sandwich is $5 and the price of a milkshake is $4.He buys 6 sandwiches and 5 milkshakes.The marginal utility of the 6th sandwich = 25 and the marginal utility of the 5th milkshake = 24.Which of the following is true?


Definitions:

USA

A country located in North America, known formally as the United States of America, comprising 50 states, a federal district, five major self-governing territories, and various possessions.

Proprietary Income

Income generated from the ownership of proprietary technology, information, or processes that gives a firm a competitive advantage.

Government-sponsored Businesses

Enterprises that are initiated and sometimes funded by the government but are operated under private ownership or public-private partnership.

Public Utilities

Essential services provided by both government and private sectors including water, electricity, and transportation.

Related Questions