The Table Given Below Reports the Total Utility Derived by an Individual

question 52

Multiple Choice

The table given below reports the total utility derived by an individual from the consumption of different units of goods A, B, and C.Table 7.4

-Refer to Table 7.4. If the consumer's income increases from $10 to $20 but the prices of each of the goods doubles, the consumer would maximize utility by purchasing _____.

• A)7 units of good A, 7 units of good B, and 7 units of good C
• B)3 units of good A, 5 units of good B, and 6 units of good C
• C)2 units of good A, 6 units of good B, and 7 units of good C
• D)3 units of good A, 6 units of good B, and 4 units of good C
• E)6 units of good A, 0 units of good B, and 7 units of good C

---

Definitions:

Paying Rent

The process of making periodic payments for the use of property, typically land or buildings, that is owned by another party.

Damaging Premises

Causing harm or destruction to property or buildings.

Temporary Ownership

A condition where an individual or entity has control over property or goods for a limited period.

Landlord-Tenant Relationship

The landlord-tenant relationship is a legal arrangement defining the rights and duties of landlords and tenants in the context of rental property agreements.