The Below Table Shows the Average Utility (In Utils) Obtained

question 103

Multiple Choice

The below table shows the average utility (in utils) obtained from the consumption of goods A and B.Table 7.3

-A ten-year-old boy spent his allowance on a soccer ball and a baseball glove. He said he could not be happier buying anything else. The price of the ball was $5, while the price of the glove was $10. If the marginal utility he received from the ball was 15 utils, then:

• A)the marginal utility he received from expenditure on the glove was 3 utils.
• B)the marginal utility he received from expenditure on the glove was 30 utils.
• C)the total utility per dollar he received from expenditure on the glove was 3 utils.
• D)the total utility per dollar he received from expenditure on the glove was 10 utils.
• E)the marginal utility he received from the expenditure of the glove was 10 utils

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Definitions:

Workplace Policies

The rules and guidelines set by an organization to govern employee behavior and establish expectations for conduct and procedures within the workplace.

Home and Work

Refers to the balance or conflict between an individual's domestic responsibilities and professional life, often discussing the management of time, energy, and commitment to both areas.

STEM Fields

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Women

Female human adults; also refers to issues, roles, and identities specific to female individuals in various contexts.