(Table) Based on the Table, the Total Utility of Four

question 27

Multiple Choice

(Table) Based on the table, the total utility of four bottles of root beer will be _____ units of utility.
$\begin{array}{|c|c|c|}\hline \begin{array}{c}\text { Bottles of } \\\text { Root Beer }\end{array} & \text { Total Utility } & \text { Marginal Utility } \\\hline 1 & 20 & 20 \\\hline 2 & & 18 \\\hline 3 & 53 & \\\hline 4 & & 11 \\\hline 5 & 70 & 6 \\\hline\end{array}$

• A) 59
• B) 64
• C) 66
• D) 68

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Definitions:

Economic Value

The value of an asset deriving from its ability to generate income or utility.

Useful Life

The estimated period over which an asset is expected to be usable for its intended purpose, affecting its depreciation or amortization schedules.

Operating Costs

The expenses associated with the day-to-day operations of a business, including costs of goods sold, salaries, and administrative expenses.

Injection Mold

A manufacturing process for producing parts by injecting molten material into a mold.