The Table Given Below Depicts the Total Utility Derived from the Consumption

question 93

Multiple Choice

The table given below depicts the total utility derived from the consumption of a good.Table 7.1

-According to Table 7.1, marginal utility _____.

• A)increases from the first unit to the third unit and then declines
• B)decreases from the third unit to the fifth unit only
• C)increases from the first unit to the third unit and decreases from the third unit to the fifth unit
• D)decreases from the first unit to the fifth unit
• E)increases from the fourth unit

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Definitions:

Six-Months' Notice

A requirement to alert or inform someone or a party about something six months in advance.

Workers' Compensation

A form of insurance providing wage replacement and medical benefits to employees injured in the course of employment, in exchange for mandatory relinquishment of the employee's right to sue their employer.

Course of Employment

Pertains to the activities an employee does within the scope of their job or duties as authorized or expected by their employer.

Family and Medical Leave Act

A United States federal law that provides employees with unpaid, job-protected leave for certain family and medical reasons.