Table 10-6 Table 10-6 Lists Jay's Marginal Utilities for Burgers

question 26

Multiple Choice

Table 10-6
Table 10-6 lists Jay's marginal utilities for burgers and Pepsi. Jay has $7 to spend on these two goods. The price of a burger is $2 and the price of a can of Pepsi is $1.
-Refer to Table 10-6. What is Jay's optimal consumption bundle?

• A) 1 burger and 2 Pepsis
• B) 2 burgers and 3 Pepsis
• C) 3 burgers and 1 Pepsi
• D) 3 burgers and 2 Pepsis

---

Definitions:

Human Development

The comprehensive process of physical, emotional, and psychological growth and change that occurs throughout a person's life.

Zero Correlation

Zero correlation indicates a lack of any linear relationship between two variables, meaning one variable does not predict the movement of the other.

Positive Correlation

A relationship between two variables where an increase in one variable is associated with an increase in the other variable.

Achievement Tests

Standardized tests designed to assess a person's level of skill, accomplishment, or knowledge in a specific area.