Scenario 3.1:
Andy derives utility from two goods, potato chips (Qp) and Cola (Qc) . Andy receives zero utility unless he consumes some of at least one good. The marginal utility that he receives from the two goods is given as follows:
-Refer to Scenario 3.1. What is the total utility that Andy will receive if he consumes 5 units of potato chips (Qp) and no Cola drink (Qc) ?
A) 4 utils
B) 10 utils
C) 30 utils
D) 40 utils
E) none of the above
Correct Answer:
Verified
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