If a consumer receives 20 units of utility from consuming two donuts, and 25 units of utility from consuming three donuts, the marginal utility of the second donut is
A) 25 utility units.
B) 20 utility units.
C) 5 utility units.
D) unknown as more information is needed to determine the answer.
Correct Answer:
Verified
Q1: If total utility increases at a decreasing
Q6: If your total satisfaction increases when you
Q7: Marginal utility can be
A)negative.
B)zero.
C)positive.
D)positive, negative, or zero.
Q9: If a consumer receives 22 units of
Q9: Consumers maximize total utility within their budget
Q10: Total utility
A)cannot decrease as a person consumes
Q11: Economists assume that the goal of consumers
Q12: If a consumer always buys goods rationally,
Q13: An item has utility for a consumer
Q15: If, when you consume another piece of
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