If a Consumer Receives 20 Units of Utility from Consuming

question 220

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 second 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:

Undercoverage

A bias in statistical sampling where certain members of the population are inadequately represented in the sample.

Response Bias

A systematic error in survey responses, often due to the wording of questions or the respondent's desire to present themselves in a favorable light.

Nonresponse Bias

A bias in survey or research results occurred when individuals selected for participation do not respond, potentially leading to an unrepresentative sample.

Voluntary Response Bias

A bias in survey results that occurs when participants self-select to respond, leading to non-representative samples.