If a Consumer Receives 22 Units of Marginal Utility for Consuming

question 291

Multiple Choice

If a consumer receives 22 units of marginal utility for consuming the first can of soda, 20 units from consuming the second, and 15 from the third, the total utility of consuming the three units is

• A)57 utility units.
• B)35 utility units.
• C)15 utility units.
• D)unknown as more information is needed to determine the answer.

Understand the conceptual basis of IQ and the average range.

Comprehend the distribution and categorization of IQ scores.

Recognize the methodological foundations of the Binet-Simon scale including the concepts of mental and chronological age.

Identify characteristics and potential causes of intellectual disabilities.

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Definitions:

Network Externalities

Benefits or costs that affect a user of a product or service, depending on the number of other users of the same or similar products or services.

NCAA

The National Collegiate Athletic Association, an organization that regulates athletes of many U.S. colleges and universities, setting eligibility criteria and organizing sports competitions.

College Athletics

Organized sports and physical competitiveness among universities and colleges as part of the educational experience.

Technological Change

The process of innovation and the introduction of new technologies or methods in production, leading to increased productivity.