49.) If Mr. McConaughey has 7 hours to spend with friends and family and breaking a sweat, he will maximize his utility if he spends

48) In the above figure, a rent ceiling of $300 per month would A) not affect the equilibrium quantity. C) result in a shortage of 7000 units. B) result in a shortage of 2000 units. D) result in a surplus of 7000 units. Hours per day Total utility Total utility from friends from breaking a and family sweat 10 14 2 19 22 3 24 28 4 28 33 30 34 At 37, actor Matthew Mcconaughey said he only needed "friends and family" to keep him happy and that he avoided "false drama" at all costs. How did you maintain that bod? "I don't really have a workout regimen I follow. I just live my life. My goal is to break a sweat each day." People June 25, 2007 Mr. Mcconaughey said he only needed friends and family and to break a sweat each day to keep him happy. The table above shows the total utility he gets from spending time with friends and family and breaking a sweat. 49) If Mr. Mcconaughey has 7 hours to spend with friends and family and breaking a sweat, he will maximize his utility if he spends A) 3 hours with family and friends and 4 hours breaking a sweat. B) 2 hours with family and friends and 5 hours breaking a sweat. C) 4 hours with family and friends and 3 hours breaking a sweat. D) 5 hours with family and friends and 5 hours breaking a sweat. 50) The principle of diminishing marginal utility can be used to explain why A) Bol vs his first soda more than Charlie enjoys his fourth