Suppose Barry Is Maximizing His Utility from Consuming Used Paperback

question 293

Multiple Choice

Suppose Barry is maximizing his utility from consuming used paperback novels and audio books.The price of a used novel = $4 and the price of an audio book = $8.If the marginal utility of the last novel was 32 units of utility (utils) what was the marginal utility of the last audio book purchased?

• A)2 utils
• B)12 utils
• C)16 utils
• D)64 utils

---

Definitions:

Cognitive Changes

Alterations in mental functions such as memory, problem-solving, and attention.

Common Fear

A fear shared by a large portion of the population, often rooted in survival instincts or societal influences.

Benzodiazepines

A class of psychoactive drugs known for their sedative effects, commonly used to treat anxiety, insomnia, and seizures.

Cognitive and Psychomotor

Pertaining to the processes of thought and motor actions that result from or influence cognitive functions.