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

question 189

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 cans of Pepsi
• B) 2 burgers and 3 cans of Pepsi
• C) 3 burgers and 1 can of Pepsi
• D) 3 burgers and 2 cans of Pepsi

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Definitions:

Steady

Consistently reliable and stable in performance, behavior, or progress, often indicative of calmness and control.

Rapid

Quickly occurring or moving at a fast pace.

Repression

A defense mechanism where an individual unconsciously blocks unpleasant memories, thoughts, or feelings from their awareness.

Freud

An Austrian neurologist named Sigmund Freud created psychoanalysis, a technique for addressing mental disorders through conversations between a therapist and their patient.