Suppose That the Total Utility from Consuming One Unit of Good

question 103

Multiple Choice

Suppose that the total utility from consuming one unit of good Z is 220 utils,the total utility from consuming two units of good Z is 320 utils,and the total utility from consuming three units of good Z is 400 utils. The marginal utility received from consuming the third unit of good Z is

• A) 313.33 utils.
• B) 80 utils.
• C) 100 utils.
• D) 50 utils.

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Definitions:

Main Components

Essential parts or elements of a system, mechanism, or compound that are critical to its function or structure.

Connectives

Logical operators used in logic and mathematics to connect two or more propositions or sentences to form a more complex statement.

Main Connective

In a logical expression, the operator that determines the overall value of the expression, acting as the primary link between components.

Atomic Statements

Simplest forms of statements that can neither be broken down into more elementary propositions nor contain any logical connectors.