Exhibit 6-4 Total utility for multiplex tickets, video rentals, and popcorn
Total Utilityfrom Multiplex Tickets
Total Utilityfrom Video Rentals
Total Utilityfrom Popcorn
1 movie (30 utils)
1 video (14 utils)
1 bag (8 utils)
2 movies (54 utils)
2 videos (24 utils)
2 bags (13 utils)
3 movies (72 utils)
3 videos (30 utils)
3 bags (15 utils)
4 movies (84 utils)
4 videos (32 utils)
4 bags (16 utils)
In Exhibit 6-4, assume the Multiplex tickets cost $6 each, video rentals cost $2 each, and bags of popcorn cost $1 each. What is the marginal utility of renting a third video?
A. 6 utils.
B. 8 utils.
C. 10 utils.
D. 30 utils.
Answer: A
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a. accumulated gains linked to environmental policy b. total social benefits of avoiding ecological damage c. reduction in environmental damages associated with an environmental policy initiative d. none of the above
Refer to Figure 10.7. A movement from point C to point A could be caused by
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The nominal exchange rate is .80 euros per dollar and the real exchange rate is 4/3 . Which of the following prices for a particular good are consistent with these exchange rates?
a. $4 in the U.S. and 3 euros in Italy. b. $4 in the U.S. and 3.75 euros in Italy. c. $5 in the U.S. and 3 euros in Italy. d. $6 in the U.S. and 2.50 euros in Italy.