If Total Utility from Consuming Two Cups of Coffee Is

question 23

Multiple Choice

If total utility from consuming two cups of coffee is 20 utils, and if the total utility from consuming three cups of coffee is 25 utils, then which of the following is the marginal utility of the third cup of coffee?

• A) 0.
• B) 5.
• C) 20.
• D) 25.

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Definitions:

Misprint

A mistake in printed material resulting from mechanical failures of some kind.

Breach of Contract

A breach of contract occurs when one party in a binding agreement fails to fulfill their obligations as stipulated in the contract, allowing the other party to seek legal remedy.

Solicitation

The act of seeking to obtain something, often business or trade, by making a direct or indirect request.

Commercial Reasonableness

A principle requiring a party to act in a fair, honest, and reasonable manner in business transactions.