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

question 54

Multiple Choice

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

-If one were to plot the data from Table 7.1 (with utility on the vertical axis and quantity of the good on the horizontal axis) :

• A)the total utility curve would begin to decline after the second unit of the good.
• B)the marginal utility curve would begin to decline after the third unit of the good.
• C)the marginal utility curve would intersect the horizontal axis at the third unit of the good.
• D)the marginal utility curve would intersect the horizontal axis at the second unit of the good.
• E)the total utility curve would rise from the first unit to the fifth unit.

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Definitions:

Customer Service Department

A division of a company responsible for handling interactions and inquiries from customers.

Capacity Analysis

An assessment process to determine the maximum level of output or production that a facility can sustain with the existing resources.

Time-Driven Activity-Based Costing

A refinement of activity-based costing that uses time as the main cost driver to allocate costs to products or services.

Order Fulfillment Department

The division within a company responsible for processing and delivering orders to customers.