The Total Utility from Consuming 8 Units of a Good

question 347

Multiple Choice

The total utility from consuming 8 units of a good is 155. The marginal utility of the 8th unit is 7 and the marginal utility of the 7th unit is 11. The total utility from consuming 6 units of the good is

• A) 173.
• B) 144.
• C) 137.
• D) 130.

---

Definitions:

Personal Selling

The two-way flow of communication between a buyer and seller, often in a face-to-face encounter, designed to influence a person’s or group’s purchase decision.

CFOs

Chief Financial Officers, the executives responsible for managing a company's financial actions.

GE Healthcare

A subsidiary of General Electric, specializing in medical technology and digital solutions for the healthcare industry.

Marketing Trends

Emerging patterns and shifts in marketing practices and strategies influenced by changes in technology, consumer behavior, and market dynamics.