Refer to the Information Provided in Table 6 -Refer to Table 6

question 103

Multiple Choice

Refer to the information provided in Table 6.4 below to answer the question(s) that follow.
Table 6.4
$$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Number of } \\\text { Donuts per Day }\end{array} & \text { Total Utility } & \text { Marginal Utility } \\\hline 1 & 80 & \\\hline 2 & 150 & \\\hline 3 & 200 & \\\hline 4 & 230 & \\\hline 5 & & 10 \\\hline \begin{array} { c } \text { Number of } \\\text { Burritos per Day }\end{array} & \text { Total Utility } & \text { Marginal Utility } \\\hline 1 & 60 & \\\hline 2 & 108 & \\\hline 3 & 144 & \\\hline 4 & 168 & \\\hline 5 & & 12 \\\hline\end{array}$$
-Refer to Table 6.4. The marginal utility of the second donut per day is

• A) 20.
• B) 30.
• C) 70.
• D) 110.

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Definitions:

Aggregate Demand

The total demand for all goods and services within an economy at various price levels, in a given time period.

Consumer Demand

The desire of individuals or households to purchase goods and services at certain prices.

Investment Goods

Goods that are purchased not for immediate consumption but for producing other goods or services in the future.

Classical Economists

Economists from the late 18th and 19th centuries who believed in the principles of free markets, limited government, and self-regulating behavior of the economy.