The Table Given Below Depicts the Total Utility Derived from the Consumption

question 106

Multiple Choice

The table given below depicts the total utility derived from the consumption of a good. Table 6.1

-According to Table 6.1,marginal utility _____.

• A)increases from the first unit to the third unit and then declines
• B)decreases from the third unit to the fifth unit only
• C)increases from the first unit to the third unit and decreases from the third unit to the fifth unit
• D)decreases from the first unit to the fifth unit
• E)increases from the fourth unit

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Definitions:

Representative

An individual who acts on behalf of another person(s), typically in a legislative or decision-making capacity.

Ethnographic Study

In-depth study of a culture, which uses a combination of methods including participant observation.

Culture

A society’s or group’s total way of life, including customs, traditions, beliefs, values, language, and physical products—all learned behavior, passed on from parents to children.

Subculture

describes a group within a larger culture that differentiates itself through distinct beliefs, behaviors, or interests, often having its own norms and values.