Assume That the Total Utilities Corresponding to the First Five

question 161

Multiple Choice

Assume that the total utilities corresponding to the first five units of a product consumed are 10, 15, 19, 22, and 24, respectively.The marginal utility of the third unit is:

• A) 19.
• B) 15.
• C) 4.
• D) 3.

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Definitions:

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