Demand and Utility Schedules for Packs of Star Wars Trading

question 95

Multiple Choice

Demand and Utility Schedules for Packs of Star Wars Trading Cards $$\begin{array} { | l | c | c | c | } \hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \\\hline \$ 10 & 1 & & \\\hline \$ 9 & 2 & & \\\hline \$ 8 & 3 & & \\\hline \$ 7 & 4 & & \\\hline \$ 6 & 5 & & \\\hline\end{array}$$
-Katie's total utility for 4 packs of Star Wars trading cards would be

• A)$24.
• B)$27.
• C)$28.
• D)$34.
• E)None of the choices are correct.

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Definitions:

Ultimatum Game

An economic experiment and game theory scenario where two players decide how to divide a sum of money between them.

Proposals

Formal plans or suggestions put forward for consideration or discussion by others, often related to projects, research, or policy changes.

Distribution

The process of making a product or service available for consumption by a consumer or business user.

Price Tags

Labels on goods indicating their cost.