Multiple Choice
The below table shows the average utility (in utils) obtained from the consumption of goods A and B.Table 7.3
-Suppose that there are five bottles of lemonade, each of which gives a consumer the same level of utility. According to the law of diminishing marginal utility, how can the consumer receive the highest utility?
A) Consume all five bottles in the next hour
B) Consume all five bottles today
C) Consume all five bottles in one day next week
D) Consume two bottles today and three tomorrow
E) Consume one bottle each day for the next five days
Correct Answer:

Verified
Correct Answer:
Verified
Q55: The below figure shows the various combinations
Q56: The below indifference map shows the various
Q57: The table below shows the total utility
Q58: The table given below depicts the total
Q59: The below indifference map shows the various
Q61: The table below shows the total utility
Q62: The below figure shows the various combinations
Q63: The below figure shows the various combinations
Q64: The table given below depicts the total
Q65: The table below shows the total utility