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

question 114

Multiple Choice

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

-Jason is trying to decide whether to buy a bagel or a muffin for breakfast. The bagel costs $0.50 and has a marginal utility of 5. The muffin costs $1 and has a marginal utility of 20. Which should he buy and why?

• A)The muffin, because it has a higher marginal utility
• B)The muffin, because it has a lower marginal utility
• C)The bagel, because it costs less
• D)The bagel, because it has a higher marginal utility per dollar
• E)The muffin, because it has a higher marginal utility per dollar

---

Definitions:

Myth

A traditional story, often involving supernatural beings or phenomena, that serves to explain a practice, belief, or natural occurrence.

Child Development

The physical, cognitive, emotional, and social growth that occurs from birth through late adolescence.

Benefits Of Child Care

Positive effects or outcomes associated with the provision of quality child care, including developmental, educational, and social advantages for children.

Invoice

A document issued by a seller to a buyer, detailing products or services provided, quantities, prices, and payment terms.