Solved

The Following Table Shows the Total Utility Derived from Consumption

Question 26

Multiple Choice

The following table shows the total utility derived from consumption of a good. The first column of the table shows the number of units of the good consumed in a day, and the second column of the table shows the total utility derived from that consumption. The marginal utility of an additional unit of the good diminishes after consumption of the _____ unit of the good. ​
Table 6.2

The following table shows the total utility derived from consumption of a good. The first column of the table shows the number of units of the good consumed in a day, and the second column of the table shows the total utility derived from that consumption. The marginal utility of an additional unit of the good diminishes after consumption of the _____ unit of the good. ​ Table 6.2 ​   A) first B) second C) third D) fourth E) fifth


A) first
B) second
C) third
D) fourth
E) fifth

Correct Answer:

verifed

Verified

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

Related Questions