The Price of a Hamburger Is $1 and the Price

question 234

Multiple Choice

The price of a hamburger is $1 and the price of a movie is $4 and the consumer has $10. A consumer has purchased 2 hamburgers and 2 movies, receiving 25 units of utility for the second hamburger and 100 units of utility for the second movie. The set of goods

• A) is an optimum since the entire income is spent and the marginal utility per dollar spent is the same for the last unit of each good.
• B) is an optimum since the entire income is spent and total utility is minimized.
• C) is not an optimum because the marginal utility per dollar spent is greater for hamburgers than for movies.
• D) is not an optimum because the consumer has not spent all of his money.

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Definitions:

Mood Disorders

Psychological disorders characterized by the elevation or lowering of a person's mood, such as depression or bipolar disorder.

Conduct Disorder

A mental disorder diagnosed in childhood or adolescence characterized by a persistent pattern of disruptive and violent behaviors.

Prevalence

The frequency of a disorder in a population at a given point or period of time.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a manual published by the American Psychiatric Association that classifies mental disorders, providing standard criteria and definitions.