Solved

Bill's Total Utility from Enjoying 1,2,3,and 4 Beers Are Respectively

Question 34

Multiple Choice

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:

verifed

Verified

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

Related Questions

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