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Taylor's Marginal Utility from Watching Movies and from Eating Out

question 22

Multiple Choice

Taylor's marginal utility from watching movies and from eating out (in utils) is shown below. Taylor spends exactly $100 every month on these two forms of entertainment, and the price of each movie is $10 and the price of each dinner is $20.  Movies  Per Month  Marginal Utility  Per Movie  Dinners Out  Per Month  Marginal Utility  Per Dinner 160115025021403203120454100\begin{array} { | c | c | c | c | } \hline \begin{array} { c } \text { Movies } \\\text { Per Month }\end{array} & \begin{array} { c } \text { Marginal Utility } \\\text { Per Movie }\end{array} & \begin{array} { c } \text { Dinners Out } \\\text { Per Month }\end{array} & \begin{array} { c } \text { Marginal Utility } \\\text { Per Dinner }\end{array} \\\hline 1 & 60 & 1 & 150 \\\hline 2 & 50 & 2 & 140 \\\hline 3 & 20 & 3 & 120 \\\hline 4 & 5 & 4 & 100 \\\hline\end{array} If Taylor eats out 3 times a month, Taylor will watch ______ movies, and have marginal utility per dollar of ______ from eating out and a marginal utility per dollar of ______ from going to the movies.


Definitions:

Generic Memory

Memory that produces scripts of familiar routines to guide behavior.

Recall

Ability to reproduce material from memory.

Mastery Motivation

A drive to achieve competence and control over one’s environment, leading to persistent and focused effort in task completion.

Recognition

Ability to identify a previously encountered stimulus.

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