The Relationship Between the Marginal Utility That David Gets from Eating

question 263

Multiple Choice

The relationship between the marginal utility that David gets from eating ice cream sundaes and the number of ice cream cones he eats per week is as follows:
David receives 3 units of utility from the last dollar spent on each of the other goods he consumes.If ice cream sundaes cost $4 each,how many ice cream sundaes will he consume per month if he maximizes utility?

• A) 2
• B) 3
• C) 4
• D) 5

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Definitions:

Transformation Processes

The series of actions or operations that convert inputs into outputs, adding value in manufacturing or service delivery.

Service Business

A business that provides intangible products or services to consumers instead of selling physical goods.

Transformation Processes

The sequences of actions or operations that convert inputs into finished goods or services, altering the state, composition, or condition.

Add Value

The process of increasing the worth of a product or service by improving it or adding features to it.