The Table Below Shows the Utility Schedule for a Consumer

question 11

Multiple Choice

The table below shows the utility schedule for a consumer of candy bars. Marginal utility becomes negative with the consumption of the

• A)Negative marginal utility is not shown in the table; marginal utility remains positive throughout.
• B)fifth candy bar.
• C)sixth candy bar.
• D)seventh candy bar.

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Definitions:

Depreciated Value

The decline in value of an asset over time because of deterioration or becoming outdated.

Business

An organization or enterprising entity engaged in commercial, industrial, or professional activities.

Vertical Line

A straight line that goes from up to down (or down to up) and does not slant; in Cartesian coordinates, it is described by an equation of the form \(x = a\).

Slope-intercept Form

An equation of a straight line in the form y = mx + b, where m is the slope and b is the y-intercept.