Refer to the Above Table

question 11

Multiple Choice

Refer to the above table. Suppose the price of a hamburger is $2, the price of a movie is $5, and the income of the consumer is $29. What will the consumer's total utility equal at an optimum?
-Refer to the above table. The price of a hamburger is $2, the price of a movie is $5, and the consumer's income is $29. What is the marginal utility per last dollar spent on movies equal to if the consumer is at an optimum?

• A) 50
• B) 40
• C) 20
• D) 10

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Definitions:

Identity Achievement

A stage in identity development where an individual has explored various options and made a commitment to a particular identity or belief system.

Business Management

The administration of a business, including planning, organization, direction, and control of resources to achieve organizational objectives.

Kohlberg's Stage Theory

A theory of moral development proposed by Lawrence Kohlberg, suggesting that moral reasoning develops through a series of stages, from pre-conventional to conventional to post-conventional levels.

Moral Reasoning

The process of determining what is right and wrong in a given situation, often influenced by cultural, personal, and societal norms.