The Marginal Utilities Associated with the First 5 Units of Consumption

question 242

Multiple Choice

The marginal utilities associated with the first 5 units of consumption of good Y are 15, 15, 10, 7, and 3, respectively. What is the total utility associated with those 5 units?

• A) 5.
• B) −12.
• C) 12.
• D) 35.
• E) 50.

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Definitions:

Jean Piaget

A Swiss psychologist known for his pioneering work in child psychology and cognitive development.

Rosalie Rayner

An American psychologist, best known for her work with John B. Watson and the Little Albert experiment on conditioned emotional responses.

Psychological Laboratory

A controlled environment where experiments are conducted to study psychological processes, often using scientific methods to understand behavior and mental functions.

Wundt

A psychologist often referred to as the father of experimental psychology, known for establishing the first psychology laboratory.