Assume James Purchases Only Two Goods,steak and Chicken,with His Weekly

question 64

Multiple Choice

Assume James purchases only two goods,steak and chicken,with his weekly income of $60.The price of steak is $10 and the price of chicken is $5.The following table shows the marginal utility James gets from each additional pound of steak and chicken: Given the above information,what quantities of steak and chicken should James purchase to maximize his utility?

• A)3 steak,2 chicken
• B)5 steak,2 chicken
• C)4 steak,4 chicken
• D)2 steak,5 chicken
• E)none of the above

---

Definitions:

Anorexia

An eating disorder characterized by an obsessive fear of gaining weight, leading to severely restricted food intake and often starvation.

Teens

Young people in the stage of development between childhood and adulthood, typically between the ages of 13 and 19.

Autism Spectrum Disorder

A disorder denoted by communication and social interaction difficulties, and distinguished by repetitive and constrained thought and behavioral practices.

DSM-5

The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders serves as the definitive guide for healthcare professionals in diagnosing mental health conditions.