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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