-Figure 6-6 Shows the Total Utility That Jerry Would Receive

question 3

Multiple Choice

-Figure 6-6 shows the total utility that Jerry would receive from consuming several different quantities of apples per week.What can be said about Jerry's utility schedule for apples?

• A)It conforms to the law of supply.
• B)Marginal utility rises as consumption rises.
• C)Average utility rises as consumption rises.
• D)It conforms to the law of diminishing marginal utility.
• E)The marginal and total utility lines cross at four apples.

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Definitions:

Peanut Butter

A food paste or spread made from ground dry roasted peanuts, often containing additional ingredients that modify its taste or texture.

Jelly

Jelly is a clear or translucent fruit spread made from sweetened fruit juice and set with gelatin or pectin.

Marginal Utility

The extra pleasure or benefit gained by a consumer from having an additional unit of a product or service.

Rutabagas

A root vegetable, often confused with turnips, known for its purple skin and yellow flesh; used in cooking for its mild, sweet flavor.