The Table Shows the Utility Schedule for a Consumer of Candy

question 263

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:

Gross Salary

The total of an employee's regular earnings before taxes and other deductions.

Annual Salary

The total amount of money earned by an employee in a year, not including bonuses or other extra payments.

Salary Per Period

Salary per period refers to the total compensation an employee receives in each payment cycle, such as monthly or bi-weekly.

Retail Sales

The total value of goods sold to consumers by retailers.