Author Question: If a consumer receives 22 units of marginal utility for consuming the first can of soda, 20 units ... (Read 190 times)

bio_gurl

  • Hero Member
  • *****
  • Posts: 524
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

  • Sr. Member
  • ****
  • Posts: 306
Answer to Question 1

A

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

For a complete list of videos, visit our video library