For Jack, the Total Utility from Three Shirts Is 50

question 4

Multiple Choice

For Jack, the total utility from three shirts is 50 units and the marginal utility of one more shirt is 5. The total utility of four shirts is

• A) 55/5.
• B) 55.
• C) 55/4.
• D) 45.
• E) None of the above answers is correct.

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Definitions:

Blood Types

Classifications of human blood based on the presence or absence of antibodies and inherited antigenic substances on the surface of red blood cells.

Alleles

Alternative versions of a gene that produce distinguishable phenotypic effects, occupying the same position or locus on a chromosome.

Type A

Often refers to a personality type characterized by competitiveness, urgency, and heightened stress levels.

Type B

Type B typically refers to a categorization within various biological and technical contexts, often indicating a variant or subgroup differing in structure, function, or characteristics from Type A.