The Smith Family Is Allocating Its Monthly Household Expenditure Between

question 68

Multiple Choice

The Smith family is allocating its monthly household expenditure between only two goods,food and clothing.Suppose that the price of food is $5 per unit,and the price of clothing is $10 per unit and that the marginal utility that the family is receiving from its consumption of food is currently 25.What is the family's marginal utility from its consumption of clothing if it is maximizing its utility?

• A)5
• B)10
• C)12.5
• D)25
• E)50

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Definitions:

Contract-relax Phase

A technique in stretching and physical therapy where a muscle is first contracted, then relaxed to allow it to stretch further.

Gluteal Stretch

A specific physical exercise aimed at increasing the flexibility and range of motion of the gluteal muscles in the buttocks.

Modified Hurdler's Stretch

A stretching exercise aimed at improving flexibility in the hamstrings and lower back, with one leg extended out and the other bent inward.

Standing Quad Stretch

A physical exercise that involves standing on one leg and pulling the other foot towards the buttocks to stretch the quadriceps muscles of the thigh.