-The Table Above Gives Ali's Total Utility from Consuming Bottles

question 74

Multiple Choice

-The table above gives Ali's total utility from consuming bottles of soft drink and slices of pizza. The price of pizza is $2 per slice and the price of soft drink is $1 per bottle. His marginal utility from the 4th slice of pizza is

• A) 34.
• B) 17.50.
• C) 7.
• D) 3.50.
• E) 27.

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Definitions:

Myopia

A common eye condition where close objects appear clearly, but distant ones are blurred, often referred to as nearsightedness.

Random Sample

A selected subset of individuals from a larger population, chosen randomly to represent the population in a statistical analysis.

Odds

The ratio of the probability of an event occurring to the probability of it not occurring, used in probability theory and statistics.

Sample Proportion

The fraction or percentage of the sample that displays a certain trait or characteristic, used as an estimate of the proportion in the entire population.