Exhibit 20-2

-Refer to Exhibit 20-2. Total utility for the first three oranges is
A)12 utils.
B)62 utils.
C)49 utils.
D)15 utils.
E)42 utils.

Question

Exhibit 20-2
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-Refer to Exhibit 20-2. Total utility for the first three oranges is
A)12 utils. 
B)62 utils. 
C)49 utils. 
D)15 utils. 
E)42 utils.

Quizplus · Accepted Answer

The total utility for the first three oranges is the sum of the utility values for each of the first three oranges. If the utility values for the first, second, and third oranges are given or can be inferred from the context (which is not provided here), you would add those values together to get the total utility for the first three oranges. Since the specific utility values are not provided in the question, the correct answer is based on an assumption or specific information from Exhibit 20-2, which is not visible in this format. However, based on the answer options, if C) 49 utils is correct, it suggests that the sum of the utility values for the first three oranges equals 49 utils.

Exhibit 20-2 ​

Exhibit 20-2