The Price of a Hamburger Is $1 and the Price

question 234

Multiple Choice

The price of a hamburger is $1 and the price of a movie is $4 and the consumer has $10. A consumer has purchased 2 hamburgers and 2 movies, receiving 25 units of utility for the second hamburger and 100 units of utility for the second movie. The set of goods

• A) is an optimum since the entire income is spent and the marginal utility per dollar spent is the same for the last unit of each good.
• B) is an optimum since the entire income is spent and total utility is minimized.
• C) is not an optimum because the marginal utility per dollar spent is greater for hamburgers than for movies.
• D) is not an optimum because the consumer has not spent all of his money.

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Definitions:

Inspirational Speaking

The activity of delivering speeches designed to motivate, inspire, and positively influence the audience.

Technical Jargon

Specialized language used by experts in a particular field that may be difficult for others to understand.

Credibility

The quality of being trusted and believed in, often acquired through consistent demonstration of one’s competence and reliability.

Power-oriented Linguistic Style

A way of communication that reflects and reinforces a speaker's authority and influence over others.