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

question 336

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.If Jay can eat all the burgers he wants for free,how many burgers will he consume?

• A) 7 burgers
• B) 6 burgers
• C) 5 burgers
• D) 3 burgers

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Definitions:

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A term used to describe a quick and significant change in metrics, such as prices, rates, or quantities.

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