(Table) Based on the Table, Assume That a Bag of Chips

question 314

Multiple Choice

(Table) Based on the table, assume that a bag of chips costs $3. The marginal utility per dollar for the fifth bag of chips is
$\begin{array}{l}\hline \quad \quad \quad {\text { Bottled Water }} \quad \quad \quad \quad \quad \quad \quad {\text { Bags of Chips }} \\\begin{array}{|c|c|c|c|}\hline \text { Quantity } & \text { Total Utility } & \text { Quantity } & \text { Total Utility } \\\hline 0 & 0 & 0 & 0 \\\hline 1 & 40 & 1 & 60 \\\hline 2 & 70 & 2 & 90 \\\hline 3 & 90 & 3 & 105 \\\hline 4 & 100 & 4 & 114 \\\hline 5 & 106 & 5 & 120 \\\hline\end{array}\end{array}$

• A) 2.
• B) 6.
• C) 3.
• D) 5.

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Definitions:

Neural Tube

Is the precursor in embryonic development to the central nervous system, which comprises the brain and spinal cord.

Digestive System

The complex series of organs and glands responsible for the digestion, absorption, and processing of food.

Circulatory System

The body's system responsible for moving blood, nutrients, gases, and wastes to and from cells, helping to fight diseases and stabilize body temperature and pH.

Pancreas

A glandular organ in the digestive and endocrine systems of vertebrates that produces hormones and digestive enzymes.