Zachary Plays the Piano for a Half Hour and Gains

question 9

Multiple Choice

Zachary plays the piano for a half hour and gains utility of 7.He then watches TV for a half hour,then goes back to playing the piano again.Using the concept of utility to explain his choices,we can say:

• A)the utility gained from watching TV was greater than playing the piano for a second half hour.
• B)Zachary revealed his preference for TV over a second half hour of playing piano.
• C)Zachary enjoys playing the piano for a half hour more than watching TV for a half hour.
• D)All of these are true.

---

Definitions:

Interest Payments

The payments made by borrowers to lenders as a fee for using the borrowed money, typically expressed as an annual rate.

Tax Deductible

Refers to eligible expenses that can be subtracted from taxable income, thereby reducing the total amount of tax owed to the government.

Discount

A reduction in the price of a good or service, typically to encourage purchase.