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.

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Definitions:

Sectoral Shifts

Changes in economic activity within or across sectors of the economy, often leading to shifts in employment and investment patterns among industries.

Temporarily Unemployment

A situation where individuals are out of work for a short period of time, often due to changes in market conditions or transitional phases between jobs.

Marginally Attached

Refers to workers who are currently not in the labor force but have looked for work in the past and are willing to take a job if one becomes available.

Labor Force

All the non-institutionalized, civilian working-age population that is employed or actively seeking employment.