If the Marginal Utility of the 3^rd Cup of Coffee

question 89

Multiple Choice

If the marginal utility of the 3^rd cup of coffee is 23 and the marginal utility of the 4^th cup is 15,then

• A)it is optimal for the consumer to have 3 cups of coffee.
• B)the price of a cup of coffee must be relatively low.
• C)it is optimal for the consumer to have 4 cups of coffee.
• D)there is evidence of the law of diminishing marginal utility.

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Definitions:

Limp Home Mode

A safety feature in vehicles that allows them to continue operating at reduced capacity, typically to reach a nearby service location, in the event of a system failure or critical error.

Serial Communications Interface

A type of data transfer where information is sent sequentially, one bit at a time, over a communication channel.

WT ECU

A Weight Terminal Electronic Control Unit; a device designed for managing and monitoring weight-related data in vehicular and industrial systems.

Cruise Control

An electronic system that automatically controls the speed of a vehicle, maintaining a consistent speed as set by the driver.