Examlex

Solved

Taylor's Marginal Utility from Watching Movies and from Eating Out

question 136

Multiple Choice

Taylor's marginal utility from watching movies and from eating out (in utils) is shown in the accompanying table. Taylor spends exactly $100 every month on these two forms of entertainment; the price of each movie is $10 and the price of each dinner is $20.  Mavies  Per Manth  Mar ginal Utility  Per Movie  Dingers Out  Per Month  Marginal Utility  Per Dinner 160115025021403203120454100\begin{array} { | c | r | c | c | } \hline \begin{array} { c } \text { Mavies } \\\text { Per Manth }\end{array} & \begin{array} { c } \text { Mar ginal Utility } \\\text { Per Movie }\end{array} & \begin{array} { c } \text { Dingers Out } \\\text { Per Month }\end{array} & \begin{array} { c } \text { Marginal Utility } \\\text { Per Dinner }\end{array} \\\hline 1 & 60 & 1& 150 \\\hline 2 & 50 & 2 & 140 \\\hline 3 & 20 & 3 & 120 \\\hline 4 & 5 & 4 & 100 \\\hline\end{array}  
If Taylor watches 2 movies a month, Taylor will eat out ________ times per month, and have marginal utility per dollar of ________ from movies and a marginal utility per dollar of ________ from eating out.


Definitions:

Involuntary Turnover

The termination of employees initiated by the employer due to performance issues, downsizing, or other organizational needs.

Derogatory Gesture

A motion or sign made with the body or face that insults, mocks, or belittles someone.

Employment-At-Will

A legal doctrine in some jurisdictions where employers can terminate employees at any time for any reason, except an illegal one, and employees can also leave their job without reason at any moment.

Doctrine

A set of beliefs or principles held and promoted by an organization, government, or movement.

Related Questions