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Author Question: If a consumer receives 22 units of marginal utility for consuming the first can of soda, 20 units ... (Read 105 times)

bio_gurl

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on: Jun 29, 2018
If a consumer receives 22 units of marginal utility for consuming the first can of soda, 20 units from consuming the second, and 15 from the third, the total utility of consuming the three units is
 
  A) 57 utility units.
  B) 35 utility units.
  C) 15 utility units.
  D) unknown as more information is needed to determine the answer.

Question 2

As a consumer consumes more and more of a product in a particular time period, eventually marginal utility
 
  A) fluctuates. B) rises. C) is constant. D) declines.
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joechoochoy

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


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