Demand and Utility Table for Milk Shakes -If the Price of Milk Shakes Was $2

question 51

Multiple Choice

Demand and Utility Table for Milk Shakes $$\begin{array} { | c | c | c | c | } \hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \\\hline \$ 4 & 1 & & \\\hline \$ 3.50 & 2 & & \\\hline \$ 3.00 & 3 & & \\\hline \$ 2.50 & 4 & & \\\hline \$ 2.00 & 5 & & \\\hline\end{array}$$
-If the price of milk shakes was $2.50 each,your total utility would be ______ and your marginal utility would be ______.

• A)$13.00 and $4.00
• B)$15.00 and $4.00
• C)$13.00 and $2.50
• D)$15.00 and $2.50

Identify the factors influencing wage levels and pay structures, including market conditions and profitability.

Recognize the importance of strategic compensation policies in achieving organizational goals.

Understand the role of consumer price index (CPI) and real wages in compensation management.

Grasp the basics of expectancy theory and its implications for motivation and compensation.

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