Use the Table Below to Answer the Following Question

question 97

Multiple Choice

Use the table below to answer the following question.
Table 8.1.2
-Table 8.1.2 gives total utilities for Jim and Sally.Which one of the following statements is true?

• A)Jim has increasing marginal utility.
• B)For Sally,the marginal utility of the third unit consumed is 6.
• C)If Jim consumes 2 units,his total utility is 34 units.
• D)Jim and Sally receive the same marginal utility from the third unit consumed.
• E)If Sally consumes 2 units,her total utility is 10 units.

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Definitions:

Gender

A category reflecting the social roles, behaviors, activities, and characteristics that a society considers appropriate for men, women, and other gender identities.

Nominal Variable

A classification of categorical data where the order of the categories is not significant.

Dummy Variables

Variables used in regression analysis to represent subgroups of the sample in a binary form.

Grade Point Average

An average score representing the academic performance of a student, calculated from the grades obtained in their courses.