If a Consumer Receives 20 Units of Utility from Consuming

question 192

Multiple Choice

If a consumer receives 20 units of utility from consuming two candy bars, and 25 units of utility from consuming three candy bars, the marginal utility of the third candy bar is

• A)25 utility units.
• B)20 utility units.
• C)5 utility units.
• D)unknown as more information is needed to determine the answer.

---

Definitions:

Mark-up

The amount added to the cost price of goods to cover overhead and profit, resulting in the retail price.

Retailer

A business or person that sells goods to the consumer, as opposed to a wholesaler or supplier.

Cost

The value spent to acquire or produce something, including the amount of money, time, or resources.

Selling Price

The price at which a product or service is offered for sale to a purchaser.