The following diagram shows Ken's demand curve for neckties. Point a on the curve shows that when the price of neckties is $5, Ken purchases four neckties. Point b on the curve shows that when the price of neckties falls to $4, he purchases five neckties. At point b, the dollar value of the total utility is valued at:
Figure 6.3

A)$30.
B)$26.
C)$20.
D)$35.
E)$25.

Question

​The following diagram shows Ken's demand curve for neckties. Point a on the curve shows that when the price of neckties is $5, Ken purchases four neckties. Point b on the curve shows that when the price of neckties falls to $4, he purchases five neckties. At point b, the dollar value of the total utility is valued at: ​
Figure 6.3
​

A)$30. 
B)$26. 
C)$20. 
D)$35. 
E)$25.

Quizplus · Accepted Answer

The Answer of ​The following diagram shows Ken's demand curve for neckties. Point a on the curve shows that when the price of neckties is $5, Ken purchases four neckties. Point b on the curve shows that when the price of neckties falls to $4, he purchases five neckties. At point b, the dollar value of the total utility is valued at: ​
Figure 6.3
​

A)$30. 
B)$26. 
C)$20. 
D)$35. 
E)$25.

​The Following Diagram Shows Ken's Demand Curve for Neckties

The Following Diagram Shows Ken's Demand Curve for Neckties