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Suppose Al Is Currently Consuming Four Movies and Four Concerts

Question 17

Multiple Choice

Suppose Al is currently consuming four movies and four concerts per month.If his utility function is given by U = 15M0.5C,where M represents the number of movies consumed and C represents the number of concerts attended,what is the marginal utility of the next concert Al will attend?


A) 15.
B) 30.
C) 60.
D) 120.
E) 960.

Correct Answer:

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