Exhibit 20-2 Refer to Exhibit 20-2. Total utility for the first four oranges is
A)11 utils.
B)60 utils.
C)52 utils.
D)15 utils.
E)40 utils.

Question

Exhibit 20-2  Refer to Exhibit 20-2. Total utility for the first four oranges is
A)11 utils. 
B)60 utils. 
C)52 utils. 
D)15 utils. 
E)40 utils.

Quizplus · Accepted Answer

The total utility for the first four oranges is the sum of their individual utility values, which are 15, 25, 10, and 10. Therefore, the total utility is 15 + 25 + 10 + 10 = 60 utils. The best choice would be to consume all four oranges, as this would result in the highest total utility.