Table: Demand and Utility Schedules for packs of scented candles $$\begin{array} { | c | c | c | c | }
\hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \
\hline \$ 8 & 1 & & \
\hline \$ 7 & 2 & & \
\hline \$ 6 & 3 & & \
\hline \$ 5 & 4 & & \
\hline \$ 4 & 5 & & \
\hline
\end{array}$$
-Polly's total utility for 3 scented candles would be
A)$8.
B)$14.
C)$15.
D)$21.
E)None of the choices are correct.

Question

Table: Demand and Utility Schedules for packs of scented candles $$\begin{array} { | c | c | c | c | } 
\hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \
\hline \$ 8 & 1 & & \
\hline \$ 7 & 2 & & \
\hline \$ 6 & 3 & & \
\hline \$ 5 & 4 & & \
\hline \$ 4 & 5 & & \
\hline
\end{array}$$
-Polly's total utility for 3 scented candles would be
A)$8.
B)$14.
C)$15.
D)$21.
E)None of the choices are correct.

Quizplus · Accepted Answer

The total utility for 3 scented candles is the sum of the marginal utilities for each candle. Since the marginal utilities are not provided, we assume they decrease as price decreases. If the total utility for 3 candles is $21, it implies the marginal utilities add up to $21.

Table: Demand and Utility Schedules for Packs of Scented Candles