Author Question: If a consumer receives 22 units of marginal utility for consuming the first can of soda, 20 units ... (Read 147 times)

bio_gurl

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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.


joechoochoy

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Answer to Question 1

A

Answer to Question 2

D



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