Bjorn Is a Student with a Monthly Budget of $500,which

question 42

Multiple Choice

Bjorn is a student with a monthly budget of $500,which he allocates between transportation services and "all other goods." Suppose the price of transportation is $5 per unit,and the price of "all other goods" is $20 per unit.The marginal utility he currently receives from his consumption of transportation services is 60.What is his marginal utility from the consumption of "all other goods" if he is maximizing his utility?

• A)5
• B)20
• C)25
• D)200
• E)240

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Definitions:

Biological Reasons

Biological reasons pertain to the underlying physiological and genetic factors that influence physical and mental health, behaviors, and traits.

Hayflick Limit

The number of times a human cell is capable of dividing into two new cells. The limit for most human cells is approximately 50 divisions, an indication that the lifespan is limited by our genetic program.

Cells

The basic structural, functional, and biological units of all living organisms, serving as the building blocks of life.

Divide

To separate or split something into parts or to share among several.