Solved

If a Consumer Receives 20 Units of Utility from Consuming

Question 18

Multiple Choice

If a consumer receives 20 units of utility from consuming two chocolate bars, and 25 units of utility from consuming three chocolate bars, the marginal utility of the second chocolate bar 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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q6: If your total satisfaction increases when you

Q13: Suppose your marginal utility from consuming the

Q14: What does the law of diminishing marginal

Q15: Table 6.1 Table 6.1 </p></div><svg width=

Q16: If a consumer receives 22 units of

Q17: Which of the following is true about

Q20: Which of the following choices is true

Q21: What happens if the price of lattes,

Q27: When the price of summer tank tops

Q29: The income effect of an increase in

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents