Exhibit 6-5
In Exhibit 6-5, the marginal utility of consuming the fourth scone is
A) 4
B) 7
C) 6
D) 24
E) 2
Correct Answer:
Verified
Q55: A free good (price = $0)will be
Q56: Exhibit 6-7 Q57: When total utility is falling, marginal utility Q58: Exhibit 6-5 Q59: Negative marginal utility means that Q61: Suppose that for Jason the marginal utility Q62: As a consumer allocates income between good Q63: If Ellie Mae spends her income on Q64: A utility-maximizing consumer equalizes marginal utilities across Q65: Suppose you go to a wedding reception![]()
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A)total utility is
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