Fritos Fruit Drinks -The Table Above Shows the Total Utility from the Two

question 298

Multiple Choice

Fritos Fruit drinks

-The table above shows the total utility from the two goods Freddy likes to consume. If Freddy has consumed 4 fruit drinks and then decides to drink another

• A) his total utility will increase.
• B) the marginal utility from the 5th drink equals 30.
• C) the marginal utility from the 5th drinks equals 50.
• D) Both answers A and B are correct.

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Definitions:

Body Mass

A measurement of a person's weight in relation to their height, commonly assessed using the Body Mass Index (BMI).

Direct Correlation

A positive relationship between two variables where an increase in one variable results in an increase in the other.

Indirect Correlation

A relationship between two variables where as one variable increases, the other decreases, and vice versa.

Correlation Coefficient

A quantitative metric that determines the strength and orientation of the link between two variables.