Examlex

Solved

Table 7-2 Table 7-2 Above Shows Keira's Utility from Soup and Sandwiches

question 308

Multiple Choice

Table 7-2
 Quantity of  Soup (cups)   Total Utility  Quantity of  Sandwiches  Total Utility 1401452602753723102482412058851356906145\begin{array}{|c|c|c|c|}\hline\begin{array}{c}\text { Quantity of } \\\text { Soup (cups) }\end{array} & \text { Total Utility } & \begin{array}{c}\text { Quantity of } \\\text { Sandwiches }\end{array} & \text { Total Utility } \\\hline 1 & 40 & 1 & 45 \\\hline 2 & 60 & 2 & 75 \\\hline 3 & 72 & 3 & 102 \\\hline 4 & 82 & 4 & 120 \\\hline 5 & 88 & 5 & 135 \\\hline 6 & 90 & 6 & 145 \\\hline\end{array} Table 7-2 above shows Keira's utility from soup and sandwiches. The price of soup is $2 per cup and the price of a sandwich is $3. Keira has $18 to spend on these two goods.
-Refer to Table 7-2.What is Keira's marginal utility per dollar spent on the third cup of soup?


Definitions:

Psychosocial Crisis

A critical stage in human development where an individual faces a significant psychological or social challenge.

Personal Relationships

Bonds or connections between individuals characterized by emotional attachment and interactions, ranging from familial to romantic and friendship ties.

Erikson's Theory

A psychosocial developmental theory by Erik Erikson that outlines eight stages through which a healthy developing individual should pass from infancy to late adulthood.

Committed Relationship

A long-term, romantic partnership where individuals agree to be emotionally and often legally connected to one another.

Related Questions