Suppose the marginal utilities for the first three cans of coke are 100, 80 and 60, respectively. The total utility received from consuming 2 cans is

Question

Quizplus · Accepted Answer

To find the total utility received from consuming 2 cans, we need to add the marginal utilities of the first two cans.

MU of the first can = 100
MU of the second can = 80

Total utility = 100 + 80 = 180

Therefore, the best choice is D.

Suppose the Marginal Utilities for the First Three Cans of Coke