Table: Demand and Utility Schedules for Packs of Scented Candles

question 101

Multiple Choice

Table: Demand and Utility Schedules for packs of scented candles $$\begin{array} { | c | c | c | c | } \hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \\\hline \$ 8 & 1 & & \\\hline \$ 7 & 2 & & \\\hline \$ 6 & 3 & & \\\hline \$ 5 & 4 & & \\\hline \$ 4 & 5 & & \\\hline\end{array}$$
-The additional utility from her purchase of a third scented candle would be

• A)$4.
• B)$5.
• C)$6.
• D)$15.
• E)$21.

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Definitions:

Mean Time Between Failures

A reliability metric that measures the average time elapsed between a system failing and the next time it fails.

Maintenance

The routine activities required to keep a machine, system, or facility operating efficiently and to prevent any unexpected failures.

Reliability

The likelihood that a system or component will perform its required functions for a specified period under stated conditions.

Components

Individual parts or elements that combine or work together within a larger product, system, or mechanism.