What Is the Total Utility of Five Cans of Soda

question 65

Multiple Choice

What is the total utility of five cans of soda? $\begin{array}{|c|c|c|}\hline \text { Cans of Soda } & \text { Total utility } & \text { Marginal utility } \\\hline 1 & 14 & \\\hline 2 & & 12 \\\hline 3 & 36 \\\hline 4 & 44 \\\hline 5 &&6 \\\hline\end{array}$

• A)6
• B)8
• C)50
• D)44

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Definitions:

Coefficient of Determination

A statistic used in the context of statistical models whose main purpose is to provide a measure of how well observed outcomes are replicated by the model.

Independent Variable

A variable that is manipulated or changed in an experiment to see its effect on a dependent variable.

Coefficient of Correlation

A mathematical tool that quantifies the robustness and bearing of a linear association between two entities.

Variation

The degree to which values in a dataset vary from one another and from the dataset’s average.