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Question
| Quantity of Hamburgers/Wk | Total Utility | Quantity of Movies/Wk | Total Utility |
| 0 | 0 | 0 | 0 |
| 1 | 25 | 1 | 200 |
| 2 | 45 | 2 | 260 |
| 3 | 55 | 3 | 300 |
| 4 | 60 | 4 | 320 |
| 5 | 61 | 5 | 325 |
Refer to the above table. Assume the consumer spends his entire income. If the consumerʹs optimum at the current price of a movie is at 4 hamburgers and 4 movies, and the price of a hamburger is $1, what is the consumerʹs income?
A) $28
B) $20
C) $16
D) $40
Answer
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