Assume the Total Utilities Corresponding to the First Four Units

question 9

Multiple Choice

Assume the total utilities corresponding to the first four units of a product consumed are 8, 12, 14, 15, respectively. The marginal utility of the third unit consumed is:

• A) 2.
• B) 14.
• C) 4.
• D) 34.

---

Definitions:

Successful Organizations

Describes entities that consistently achieve their goals and outperform their competitors in their respective industries or sectors.

Best Practices

Established methods or techniques shown to reliably lead to desired results, often considered industry standards.

Institutional Learning

involves the processes through which organizations learn and adapt over time, incorporating new knowledge into policies, structures, and culture.

Official Doctrine

A formally recognized set of principles, beliefs, or instructions issued by an authoritative organization.