Bill's total utility from enjoying 1,2,3,and 4 beers are respectively: 28,30,30 and 28.Which of the following statement is correct?
A) Bill enjoys his first beer just as much as his fourth beer
B) Bill enjoys his second beer just as much as his third beer
C) Bill's marginal utility of his second beer equals his marginal utility of his third beer
D) Bill's marginal utility of his first beer is less than the marginal utility of his second beer
E) Bills' marginal utility of his second beer is more than the marginal utility of his first beer
Correct Answer:
Verified
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