If the Marginal Utility of Consuming One Pound of Apples

question 48

Multiple Choice

If the marginal utility of consuming one pound of apples is 200 units for John and 50 units for Jane, we can conclude

• A)that John will eat four times more apples than Jane.
• B)that John will eat the same amount of apples as Jane.
• C)that John will eat four times fewer apples than Jane.
• D)that John and Jane will not eat any apples.
• E)nothing about how many apples John will eat compared to Jane.

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Definitions:

Output Rate

The quantity of goods or services produced by a system, machine, or worker in a given time period.

Efficiency

The ability to accomplish a job with a minimum expenditure of time and resources.

Heuristics

Problem-solving methods or strategies that employ practical, experiential approaches rather than guaranteed, optimal solutions.

Layout Problems

Layout problems involve the arrangement of physical facilities, equipment, and workspaces to optimize processes and operations efficiency.