If You Wanted to Buy a McDonald's Big Mac, Small

question 332

Multiple Choice

If you wanted to buy a McDonald's Big Mac, small fries, and a small drink separately, it will you cost you $6.19. However, if you purchased these three items together as part of the firm's Extra Value Meal package, you would pay only $4.39, savings 80 cents. This "Extra Value Meal" price serves as __________ to you and other consumers, who compare the costs and benefits of substitute items to a bundle containing those items.

• A)a marginal analysis
• B)a profit equation
• C)a reference value
• D)a break-even analysis
• E)price elasticity of demand

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Definitions:

American Neutrality

Refers to the United States' policy of remaining neutral in international conflicts, particularly notable in its stance during the early years of both World War I and World War II.

Franklin Roosevelt

Franklin D. Roosevelt, the 32nd President of the United States, who served four terms and led the country through the Great Depression and World War II.

Dunkirk

A city in France, site of a significant evacuation during World War II where Allied soldiers were rescued from advancing German forces in 1940.

Winston Churchill

A British statesman, army officer, and writer who served as Prime Minister of the United Kingdom during World War II and again in the early 1950s, known for his leadership and oratory skills.