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.

Name: 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.
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Question

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.

Quizplus · Accepted Answer

Based on the table, the total utility for the first three oranges is 49 utils, which is the maximum utility value. Therefore, the best choice would be to consume three oranges.