Scenario 5.1 The Demand for Noodles Is Given by the Following Equation

Multiple Choice

Scenario 5.1
The demand for noodles is given by the following equation: Q = 20 - 4P + 0.2I - 2P_x. Assume that P = $8, I = 200, and P_x = $10.
-_____ is a measure of the total satisfaction derived from consuming a quantity of some good or service.

A) Disutility
B) Diminishing marginal utility
C) Total utility
D) Marginal utility
E) Ordinal utility