Solved

Refer to the Information Provided in Table 6 -Refer to Table 6

Question 263

Multiple Choice

Refer to the information provided in Table 6.4 below to answer the question(s) that follow.
Table 6.4
 Number of  Donuts per Day  Total Utility  Marginal Utility 180215032004230510 Number of  Burritos per Day  Total Utility  Marginal Utility 160210831444168512\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Number of } \\\text { Donuts per Day }\end{array} & \text { Total Utility } & \text { Marginal Utility } \\\hline 1 & 80 & \\\hline 2 & 150 & \\\hline 3 & 200 & \\\hline 4 & 230 & \\\hline 5 & & 10 \\\hline \begin{array} { c } \text { Number of } \\\text { Burritos per Day }\end{array} & \text { Total Utility } & \text { Marginal Utility } \\\hline 1 & 60 & \\\hline 2 & 108 & \\\hline 3 & 144 & \\\hline 4 & 168 & \\\hline 5 & & 12 \\\hline\end{array}
-Refer to Table 6.4. Diminishing marginal utility sets in after the ________ donut per day.


A) first
B) second
C) third
D) fourth

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions