Refer to the Following Table to Answer the Following Questions

question 126

Multiple Choice

Refer to the following table to answer the following questions:

-Assume that strawberries cost $1 and apples cost $2.If the consumer has $8,the bundle of goods that would maximize his utility per dollar leads to a utility equal to ________ utils.

• A) 49
• B) 84
• C) 77
• D) 66
• E) 46

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Definitions:

Measure Of Dispersion

An indication of how spread out the values of a dataset are, which can include range, variance, or standard deviation.

Standard Deviation

A statistical measure of the dispersion or variability in a set of values, indicating how much the values deviate from the mean of the set.

Standard Deviation

A measure of the dispersion or spread in a set of data; it shows how much variation there is from the average.

Government Agency

An organization at the national, state, or local level that administers specific functions or services to the public.