Samantha Is Maximizing Total Utility While Consuming Food and Clothing

question 127

Multiple Choice

Samantha is maximizing total utility while consuming food and clothing. Her marginal utility from food is 50, and her marginal utility from clothing is 25. If clothing is priced at $10 per unit, the price of food per unit must be

• A) $2.
• B) $5.
• C) $2.50.
• B) $20.

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Definitions:

Disinterested Perspective

An unbiased viewpoint that is not influenced by personal feelings, interpretations, or prejudice, aiming for impartiality.

Kant

Renowned for his influence in the fields of epistemology, ethics, and aesthetics, this German thinker is a key figure in contemporary philosophical thought.

Beauty

The quality or aggregate of qualities in a person or thing that gives pleasure to the senses or pleasurably exalts the mind or spirit.

Censorship

The practice of officially examining books, movies, etc., and suppressing unacceptable parts.