The Following Table Shows the Utility (Measured in Dollars)which Lisa

question 46

Multiple Choice

The following table shows the utility (measured in dollars) which Lisa derives from water (in 50 litre drums) and diamonds (uncut 1 carat stones) .

-Refer to the above information to answer this question.If the price of both water and diamonds is $100 per unit,and Lisa has $500 to spend,what is the value of her total consumer surplus if she purchases the optimal quantity?

• A)0.
• B)$375.
• C)$620.
• D)$875.
• E)$1,120.

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Definitions:

Emotional State

A person's current feelings or mood, which can fluctuate based on circumstances and thoughts.

Izard's Basic Emotions

A theory proposing that there are ten basic emotions that are biologically programmed into human beings and are expressed in a similar way across cultures.

Interest

A psychological state of engagement or curiosity that motivates individuals to learn more about something or be involved in certain activities.

Love

Love is a complex set of emotions and behaviors characterized by intimacy, passion, and commitment. It plays a fundamental role in human relationships and psychological well-being.