The below table shows the average utility (in utils) obtained from the consumption of goods A and B.Table 7.3
-Refer to Table 7.3. Which of the following statements is false?
A) The consumer prefers the first unit of B to the first unit of A
B) The consumer prefers the sixth unit of A to the sixth unit of B
C) The marginal utility from the consumption of the fourth unit of A is 3
D) The marginal utility from the consumption of the second unit of B is 7
E) The marginal utility from the consumption of the second unit of A is 9
Correct Answer:
Verified
Q20: Scenario 5.1
The demand for noodles is given
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