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:

Ethical Behaviour

Conduct that is aligned with accepted principles of right or wrong governing the professional and personal actions of an individual or group.

Ethical Dilemma

A situation where an individual faces a choice between two or more morally right or acceptable courses of action that are in conflict.

Clear Right

An unequivocal entitlement or permission, often established by law or custom, that is not subject to conditions or restrictions.

Cultural Relativism

The principle that an individual's beliefs and activities should be understood based on that person's own culture.