The Table Below Shows the Total Utility Associated with Various

question 116

Multiple Choice

The table below shows the total utility associated with various units of goods X and Y. Table 6.5
Refer to Table 6.5.Given that the price of good X is $2 per unit, the price of good Y is $5 per unit, and that the consumer spends a total of $14 on both goods, what is the total utility associated with the utility-maximizing combination?

• A)84
• B)154
• C)172
• D)Indeterminate
• E)215

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Definitions:

Chunking

A process of reorganizing (or recoding) materials in working memory by combining a number of items into a single, larger unit.

Recognition

A type of retrieval that requires you to judge whether you have encountered a stimulus previously.

West Virginian Counties

Administrative subdivisions of the state of West Virginia, in the United States, each with its own local government.

Incidental Learning

Learning without trying to learn, and often without awareness that learning is occurring.