Suppose That the Total Utility of Consuming the First Piece

question 16

Multiple Choice

Suppose that the total utility of consuming the first piece of chewing gum in a packet is 30. This means that marginal utility of consuming the first piece of gum is:

• A) zero.
• B) less than 30.
• C) 30.
• D) more than 30.

---

Definitions:

BAT Model

The BAT model is a term used in various contexts, including finance for "Behavioral Analysis Training," but if referring specifically to a financial model, clarification is needed as it may not apply. Without a specific context, providing an accurate definition is challenging.

Miller-Orr Model

is a financial management strategy designed to optimize cash balances by setting upper and lower limits on cash reserves.

Weekly Cash Flows

An accounting measure used to monitor the cash movement in and out of a business on a weekly basis.

BAT Model

Behavioural Analysis Technology Model, used in various fields to anticipate or analyze human behavior; if not applicable, NO.