If a Consumer Receives 20 Units of Utility from Consuming

question 123

Multiple Choice

If a consumer receives 20 units of utility from consuming two chocolate bars, and 25 units of utility from consuming three chocolate bars, the marginal utility of the second chocolate bar is

• A)25 utility units.
• B)20 utility units.
• C)5 utility units.
• D)unknown as more information is needed to determine the answer.

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Understand the impact of unemployment and economic growth on an economy's production capabilities.

Differentiate between positive and normative statements and their roles in economics.

Recognize the difference between microeconomics and macroeconomics.