Table-Demand and Utility Table for Action Figures -The Marginal Utility of His Third Action Figure Would Be

question 28

Multiple Choice

Table-Demand and Utility Table for action figures $$\begin{array} { | c | c | c | c | } \hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \\\hline \$ 14 & 1 & & \\\hline \$ 12 & 2 & & \\\hline \$ 10 & 3 & & \\\hline \$ 8 & 4 & & \\\hline \$ 6 & 5 & & \\\hline\end{array}$$
-The marginal utility of his third action figure would be

• A)$10.
• B)$12.
• C)$14.
• D)$36.

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Definitions:

Social Needs

The human requirements for companionship, belonging, inclusion, and being part of a community.

Homeostasis

The self-regulating process by which biological systems maintain stability while adjusting to conditions that are optimal for survival.

Reproductive Success

The passing of genes onto the next generation in a way that they too can pass on those genes.

Goal-directed Behaviour

Actions taken towards achieving specific outcomes or objectives.