The Table Shows a Consumer's Utility Schedule

question 82

Multiple Choice

The table shows a consumer's utility schedule. Based on the data, you can conclude that the consumer

• A) receives increasing marginal utility from consuming the first three units.
• B) experiences diminishing marginal utility after consuming the first unit.
• C) experiences diminishing marginal utility only after consuming the fourth unit.
• D) will never consume just one unit of the product.

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Definitions:

Availability

The degree to which a system, component, or data is accessible and usable upon demand by an authorized entity.

Outsources

The practice of hiring third parties to perform services, handle operations, or provide goods that are either difficult to manage or outside the company's expertise.

Web-based

Refers to applications or services that are accessed over the internet through a browser, as opposed to those installed locally on a device.

Personalized Gateway

A customized entry point to digital content or services that adapts to the individual user's preferences and needs.