The Table Shows the Utility Schedule for a Consumer of Candy

question 70

Multiple Choice

The table shows the utility schedule for a consumer of candy bars. Based on the data in the table, you can conclude that the

• A)marginal utility of the fourth unit is 96.
• B)marginal utility of the third unit is 18.
• C)total utility of 2 units is 16.
• D)total utility of 6 units is 35.

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Definitions:

Herring

A small, silver-colored fish commonly found in the temperate waters of the North Atlantic, a significant source of food globally.

Opportunity Cost

The cost of an alternative that must be forgone in order to pursue a certain action or in the context of making a decision.

Cell Phones

Portable telecommunications devices that allow users to make voice calls, send text messages, and access various digital services.

Herring

A type of fish that is widely used for food and is important in many cultural dishes.