When Given the Marginal Utility of the First Five Units

question 21

Multiple Choice

When given the marginal utility of the first five units of a product,we can calculate the total utility by

• A) finding the difference between the fourth and fifth units.
• B) finding the difference between the first and fifth units.
• C) looking at the marginal utility of the fifth unit.
• D) adding the fourth and fifth units.
• E) adding the marginal utilities of the first five units.

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Definitions:

Proximity

The state or condition of being close or near; in technology, it often relates to the detection of and response to nearby objects or signals.

Machine Cycle

The series of steps a central processing unit goes through when it performs a program instruction.

Encode

The process of converting information into a particular form or code to ensure its secure transmission or storage.

Moore's Law

An observation that the number of transistors on a microchip doubles approximately every two years, leading to a continuous increase in computing power.