If a consumer receives 22 units of marginal utility for consuming the first can of soda, 20 units from consuming the second, and 15 from the third, the total utility of consuming the three units is
A) 57 utils
B) 35 utils.
C) 15 utils.
D) unknown as more information is needed to determine the answer.
Correct Answer:
Verified
Q3: Suppose your marginal utility from consuming the
Q4: As a consumer consumes more and more
Q5: If a consumer receives 20 units of
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: Consumers maximize total utility within their budget
Q10: Total utility
A)cannot decrease as a person consumes
Q11: Consumers have to make tradeoffs in deciding
Q12: If a consumer always buys goods rationally,
Q13: An item has utility for a consumer
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