Table-Demand and Utility Table for Action Figures -If the Price of Action Figures Was $10 Each,his Total

question 108

Multiple Choice

Table-Demand and Utility Table for action figures $$\begin{array} { | c | c | c | c | } \hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \\\hline \$ 14 & 1 & & \\\hline \$ 12 & 2 & & \\\hline \$ 10 & 3 & & \\\hline \$ 8 & 4 & & \\\hline \$ 6 & 5 & & \\\hline\end{array}$$
-If the price of action figures was $10 each,his total utility would be ____ and your marginal utility would be ___.

• A)$30 and $10
• B)$36 and $12
• C)$36 and $10
• D)$26 and $12
• E)$50 and $6

---

Definitions:

Yield Per Acre

The amount of a crop produced on one acre of land.

Lemonade Market

A hypothetical or real market scenario used to explain basic economic concepts, often involving the buying and selling of lemonade.

Lemons

A bright yellow, acidic fruit commonly used for its juice, zest, or as a garnish in cooking and baking.

Supply

The total amount of a good or service available for purchase at all possible prices in a given market, at a given time.