MCQ 8
MCQ 8
MCQ 8
Cookies
(pounds per Homer's
week) total utility
0 0
1 5
2 8
3 12
4 14
5 15
12) The above table gives the total utility that Homer obtains
from consuming various quantities of chocolate chip cookies.
The marginal utility from the fifth pound of cookies is
A) 1.
B) 2.
C) 3.
D) 15.
13) The above table gives the total utility that Homer obtains
from consuming various quantities of chocolate chip cookies.
The marginal utility from the third pound of cookies is
A) 3.
B) 4.
C) 9.
D) 12.
14) In the figure above, diminishing marginal utility is
shown by
A) total utility curve A.
B) total utility curve B.
C) total utility curve C.
D) all three curves.
15) In the figure above, the marginal utility of the third crate
of tomatoes for the person with total utility curve C is
A) 13 units of utility.
B) 16 units of utility.
C) 32 units of utility.
D) 45 units of utility.
Quantity of
Total
coffee
utility
(cups per day)
1 50
2 80
3 90
4 92
18) Betsy's utility depending from her consumption of coffee
is shown in the table above. If the price of a cup of coffee is
$2, Betsy's marginal utility per dollar from the 2nd cup of
coffee per day is
A) 15
B) 40
C) 20
D) 32.5
22) Let MUa and MUb stand for the marginal utilities of
apples and bagels. Let Pa and Pb stand for their prices. The
general necessary condition for consumer equilibrium is
A) MUa = MUb.
B) MUa = MUb and Pa = Pb.
C) MUa/Pa = MUb/Pb.
D) MUa/MUb = Pb/Pa.
Marginal
Marginal Quantity
utility
Quantity utility of
from
of gasoline from hamburger
hamburger
gasoline s
s
1 35 1 20
2 25 2 18
3 16 3 17
4 10 4 10
5 5 5 8
6 4 6 7
23) Given the data in the above table, income of $13, a price
of $1 for a gallon of gasoline and $2.00 for a hamburger,
what is the marginal utility per dollar spent on the fifth
hamburger?
A) 10 utils
B) 8 utils
C) 6 utils
D) 4 utils
24) Given the data in the above table, income of $13, a price
of $1 for a gallon of gasoline and $2 for a hamburger, what
is the quantity of gasoline and the quantity of hamburgers
that will maximize the consumer's total utility?
A) 5 gallons of gasoline and 4 hamburgers
B) 4 gallons of gasoline and 4 hamburgers
C) 1 gallon of gasoline and 6 hamburgers
D) 6 gallons of gasoline and 6 hamburgers
25) Given the data in the above table, income of $13, a price
of $1 for a gallon of gasoline and $2 for a hamburger, what
is the marginal utility per dollar spent on gasoline and on
hamburgers when the consumer is in consumer
equilibrium?
A) 20 utils per dollar spent
B) 10 utils per dollar spent
C) 5 utils per dollar spent
D) 1 utils per dollar spent
26) Given the data in the above table, if income is $16, and
the price is $1 for a gallon of gasoline and $2 for a
hamburger, what is the quantity of gasoline and the quantity
of hamburgers that will maximize the consumer's total
utility?
A) 5 gallons of gasoline and 5 hamburgers
B) 4 gallons of gasoline and 6 hamburgers
C) 6 gallons of gasoline and 5 hamburgers
D) 6 gallons of gasoline and 6 hamburgers