If Joan Consumes 1 Dinner Roll,she Has Total Utility of 15;

question 17

Multiple Choice

If Joan consumes 1 dinner roll,she has total utility of 15; if she consumes 2,she has total utility of 27; if she consumes 3,she has total utility of 37; and if she consumes 4,she has total utility of 45.What is the marginal utility of the fourth dinner roll consumed?

• A) 124 units of utility
• B) 45 units of utility
• C) 11.25 units of utility
• D) 8 units of utility
• E) 37 units of utility

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Definitions:

Mean

The average value in a set of numbers, calculated by dividing the sum of all values by the number of values.

Prove Observations

The process of validating or verifying observed phenomena through repeated testing or experimental confirmation.

Interpret Observations

The process of explaining or finding the meaning in the data, actions, or events that one notices or records.

Summarise Observations

The process of briefly describing the main points or significant details noted during an examination or study.