Refer to the Accompanying Table to Answer the Questions

question 82

Multiple Choice

Refer to the accompanying table to answer the questions. $\begin{array}{cc}&\text { Total Utility (Utils }\\\text { Sodas Consumed }&\text { per Soda) }\\0 & 0 \\1 & 35 \\2 & 60 \\3 & 80 \\4 & 90 \\5 & 90 \\6 & 75 \\7 & 50 \\8 & 20\end{array}$
-The marginal utility of the fifth unit is:

• A) 15 utils.
• B) 75 utils.
• C) 90 utils.
• D) 20 utils.
• E) 0 utils.

Determine the stages of production including increasing returns, diminishing returns, and negative returns in the context of the law of diminishing marginal returns.

Calculate total cost, total variable cost, total fixed cost, marginal cost, average variable cost, average total cost, and average fixed cost given necessary data.

Identify the point where the marginal cost curve intersects the average total cost and average variable cost curves, and understand the significance of these intersections.

Apply the concept of diminishing marginal returns to analyze its impact on cost curves and decision-making in production.

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Definitions:

Phallic

Referring to the third stage in Freud's psychosexual stages of development, focusing on the pleasure zone of the genitals.

Latent

Hidden or dormant, not currently visible, active, or symptomatic, but with the potential to emerge or become active.

Genital

Refers to the reproductive organs in both males and females, often discussed in the context of sexual development and function.

Anal

Related to the anus; often used in the context of anal sex or anal hygiene.