The following table shows the marginal utility of each additional unit of pretzel for a consumer. The first column of the table shows the number of pretzels consumed in a day, and the second column of the table shows the marginal utility of each additional unit of pretzel. The total utility derived from the consumption of three pretzels is _____ units.
Table 6.1
A) 5
B) 15
C) 40
D) 55
E) 70
Correct Answer:
Verified
Q13: The law of diminishing marginal utility states
Q24: "I don't feel so good; I shouldn't
Q27: The marginal utility of a second copy
Q50: The following table shows the total utility
Q51: The following table shows the total utility
Q52: The following table shows the total utility
Q53: The following table shows the total utility
Q56: The following table shows the total utility
Q57: The following graph shows the total utility
Q58: The following table shows the total utility
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents