Complete Table 19 Table 193
Michael's Utility Schedule in Table 19

question 52

Multiple Choice

Complete Table 19.3 below.Assume the price of cola is $8 per unit and the price of pretzels is $4 per unit.
$\begin{array}{llllll}\text { Units of}&\text { TU of}&\text {MU of }&\text { Units of}&\text {TU of }&\text {MU of }\\ \text {Cola }&\text { Cola}&\text {Cola }&\text {Pretzels }&\text { Pretzels}&\text {Pretzels }\\\hline 1&40&40&1&30&30\\2&\_\_\_&32&2&\_\_\_&20\\3&96&24&2&66&16\\4&112&\_\_\_&5&84&\_\_\_&\end{array}$
Table 19.3
Michael's Utility Schedule In Table 19.3, what is the marginal utility of the fifth unit of cola?

• A) 6.
• B) 12.
• C) 16.
• D) 24.

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Definitions:

Checkable Deposits

Bank account balances that can be drawn upon by writing a check or using a debit card, functioning as money for everyday transactions.

Money Supply

The aggregate of cash and banking deposits that constitute the financial assets within an economy at a particular time.

Medium Of Exchange

An intermediary instrument used to facilitate the sale, purchase, or trade of goods between parties, commonly accepted in the form of money.

Barter

The exchange of goods and services between parties without the use of money as a medium of exchange.