Table 6.4
$$\begin{array} { | c | c | }
\hline \text { Chocolate Bars } & \text { Total Utility } \
\hline 1 & 10 \
\hline 2 & 25 \
\hline 3 & \
\hline 4 & 60 \
\hline 5 & 70 \
\hline
\end{array}$$
-Refer to Table 6.4,which shows a utility schedule for a consumer's consumption of chocolate bars.The total utility derived from the consumption of one chocolate bar is _____ units.
A)2
B)70
C)45
D)15
E)10

Question

Table 6.4
 $$\begin{array} { | c | c | } 
\hline \text { Chocolate Bars } & \text { Total Utility } \
\hline 1 & 10 \
\hline 2 & 25 \
\hline 3 & \
\hline 4 & 60 \
\hline 5 & 70 \
\hline
\end{array}$$
-Refer to Table 6.4,which shows a utility schedule for a consumer's consumption of chocolate bars.The total utility derived from the consumption of one chocolate bar is _____ units.
A)2
B)70
C)45
D)15
E)10

Quizplus · Accepted Answer

According to the utility schedule, the total utility derived from the consumption of one chocolate bar is 10 units.

The best choice(s) cannot be determined solely based on this information, as it depends on the consumer's marginal utility and the price of the chocolate bars. However, if the price of each chocolate bar is the same, the consumer should consume up to the point where the marginal utility equals the price. Without additional information, it is not possible to determine the best choice.

Table 64 -Refer to Table 6