The Table Given Below Reports the Total Utility Derived by an Individual

question 46

Multiple Choice

The table given below reports the total utility derived by an individual from the consumption of different units of goods A,B,andC. Table 6.4

-Refer to Table 6.4.If the consumer's income increases from $10 to $20 but the prices of each of the goods doubles,the consumer would maximize utility by purchasing _____.

• A)7 units of good A,7 units of good B,and 7 units of good C
• B)3 units of good A,5 units of good B,and 6 units of good C
• C)2 units of good A,6 units of good B,and 7 units of good C
• D)3 units of good A,6 units of good B,and 4 units of good C
• E)6 units of good A,0 units of good B,and 7 units of good C

---

Definitions:

Work in Process

The inventory account that tracks costs for incomplete products, which are still in the process of being manufactured.

Total Manufacturing Cost

The aggregate cost of direct material, direct labor, and manufacturing overhead incurred in the production of goods.

Schedule of Cost

A detailed list that shows the various components contributing to the total cost of a project or manufacturing process.

Operations Data

Information related to the day-to-day activities of a business, such as production volumes, input costs, and inventory levels, used for operational planning and analysis.