When Ciara consumes one glass of lemonade, it yields her 75 utils, and when she consumes one more glass of lemonade, her satisfaction increases by 25 utils. What is true about Ciara's utility for lemonade?
A) The total utility of consuming two cups of lemonade is 100 utils.
B) The total utility of consuming two cups of lemonade is 25 utils.
C) The marginal utility of consuming the second lemonade is 100 utils.
D) The marginal utility of consuming the second lemonade is 50 utils.
Correct Answer:
Verified
Q6: Every additional candy bar that you eat
Q7: What is diminishing marginal utility?
A) the decrease
Q8: When total utility _ at a decreasing
Q9: When marginal utility is _, then total
Q10: Collin's total utility equals 150 utils after
Q12: Use the table Utility from Roller Coaster
Q13: Use the table Utility from Roller Coaster
Q14: Use the table Utility from Roller Coaster
Q15: Use the table Number of Roller Coaster
Q16: A consumer's objective is to maximize _
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents