Refer to the Information Provided in Table 6 -Refer to Table 6

question 138

Multiple Choice

Refer to the information provided in Table 6.2 below to answer the question(s) that follow.
Table 6.2
$$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Number of } \\\text { Candy Bars per Day }\end{array} & \text { Total Utility } & \text { Marginal Utility } \\\hline 1 & 40 & \\\hline 2 & 75 & \\\hline 3 & 100 & \\\hline 4 & 115 & \\\hline 5 & & 5 \\\hline \begin{array} { c } \text { Number of } \\\text { Hot Dogs per Day }\end{array} & \text { Total Utility } & \text { Marginal Utility } \\\hline 1 & 30 & \\\hline 2 & 54 & \\\hline 3 & 72 & \\\hline 4 & 84 & \\\hline 5 & & 6 \\\hline\end{array}$$
-Refer to Table 6.2. Diminishing marginal utility sets in after the ________ candy bar per day.

• A) first
• B) second
• C) third
• D) fourth

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Definitions:

Production Cost

The total cost incurred by a business to produce goods or services, including labor, materials, and overhead.

Special Order

An order for goods or services that is outside the scope of regular operations, often requiring customization or special handling.

Capacity

The highest level of production a business can maintain to produce a good or offer a service.

Sales Price

The sales price is the amount a customer pays for a product or service, determining the revenue generated from sales transactions.