Solved

Assuming That the Marginal Utility of the First Four Pieces

Question 88

Multiple Choice

Assuming that the marginal utility of the first four pieces of candy was 30, 28, 24, and 18 respectively, how much total utility was derived from eating the first three pieces of candy?


A) 58
B) 82
C) 54
D) 100

Correct Answer:

verifed

Verified

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

Related Questions

Q40: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Using the above

Q52: The marginal rate of substitution is<br>A) the

Q85: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5013/.jpg" alt=" -Given the above

Q87: If the price of a slice of

Q89: For good A and good B, the

Q93: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5013/.jpg" alt=" -Refer to the

Q102: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the

Q195: What is consumer optimum according to utility

Q232: Refer to the above table. The table

Q328: When total utility is falling<br>A) marginal utility