-The Table Above Gives Matt's Utility from Consuming Slices of Pizza.His

question 275

Multiple Choice

-The table above gives Matt's utility from consuming slices of pizza.His marginal utility from the 4th slice is

• A) 30 units.
• B) 3 units.
• C) 94 units.
• D) 23.5 units.
• E) 7.5 units.

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Definitions:

Shopping Product

Goods that a consumer, in the process of selection and purchase, characteristically compares on such bases as suitability, quality, price, and style.

Convenience Product

A consumer item that is widely available and purchased frequently with minimal effort.

Unsought Product

A type of product that consumers typically do not think of buying until a need arises or they are made aware of it through advertising.

Convenience Products

Items that the consumer purchases frequently, conveniently, and with a minimum of shopping effort.