menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Study Set 10
  4. Exam
    Exam 20: Consumer Choice and Behavioral Economics
  5. Question
    Suppose That the Total Utility from Consuming One Unit of Good
Solved

Suppose That the Total Utility from Consuming One Unit of Good

Question 42

Question 42

Multiple Choice

Suppose that the total utility from consuming one unit of good X is 87 utils, the total utility of two units of good X is 150 utils, and the total utility of three units of good X is 180 utils. The marginal utility of the third unit is


A) 30 utils.
B) 417 utils.
C) 63 utils.
D) 139 utils.

Correct Answer:

verifed

Verified

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

Related Questions

Q37: This is the solution to the diamond-water

Q38: Smith, who has $10,000, receives an extra

Q39: Exhibit 20-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 20-1

Q40: The law of diminishing marginal utility<br>A)allows us

Q41: Explain the difference between total utility and

Q43: Which of the following statements is false?<br>A)A

Q44: Describe the diamond-water paradox and its solution.

Q45: Exhibit 20-8<br>​<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 20-8 ​

Q46: Suppose Alice receives 150 utils from consuming

Q47: Suppose that a consumer purchases a combination

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines