Suppose That the Total Utility from Consuming One Unit of Good

question 117

Multiple Choice

Suppose that the total utility from consuming one unit of good X is 54 utils,the total utility of two units of good X is 74 utils,and the total utility of three units of good X is 84 utils. The marginal utility of the third unit is

• A) 10 utils.
• B) 70.67 utils.
• C) 12.25 utils.
• D) 20 utils.

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Definitions:

Romantic Appeal

A method used in advertising or storytelling that leverages romantic imagery or themes to capture interest and evoke emotions.

Perceptual Vigilance

The tendency for individuals to notice stimuli that are relevant to their current needs or desires more than irrelevant stimuli.

Stimuli Registered

The process by which sensory input is received, recognized, and processed by the brain.

Gestalt Psychology

A psychological approach that emphasizes the whole of anything is greater than its parts, focusing on perception and problem-solving.