Quarts of ice cream Total utility from ice cream 0 0 1 80 2 150 3 210 4 260 From the information in the above table, what is the marginal utility of the third quart of ice cream? A) 80 B) 70 C) 60 D) 230 Pizza Pepsi Slices per week Total utility Quantity per week Total utility 0 0 0 0 1 100 1 70 2 150 2 130 3 175 3 180 4 190 4 220 5 195 5 250 The table shows Elaine's utility from pizza and Pepsi. If Elaine consumes 2 slices of pizza and 3 Pepsis, her marginal utility from the fourth Pepsi is ________ units. A) 60 B) 54 C) 40 D) 220 Fritos Fruit drinks Quantity Total utility Quantity Total utility 0 0 0 0 1 40 1 50 2 75 2 95 3 105 3 135 4 130 4 170 5 150 5 200 6 165 6 225 The table above shows the total utility from the two goods Freddy likes to consume. The marginal utility Freddy receives from consuming an extra bag of Fritos A) depends on the quantity of fruit drinks consumed. B) decreases as he consumes more bags of Fritos. C) decreases as he consumes more fruit drinks. D) equals 75 when he consumes 2 bags of Fritos. The table above shows the total utility from the two goods Freddy likes to consume. Suppose that Freddy has already eaten 5 bags of Fritos. If he consumes one more bag, his marginal utility will A) equal 40. B) equal 35. C) equal 15. D) depend on the price of the extra bag. The table above shows the total utility from the two goods Freddy likes to consume. If Freddy has consumed 4 fruit drinks and then decides to drink another A) his total utility will increase. B) the marginal utility from the 5th drink equals 30. C) the marginal utility from the 5th drinks equals 50. D) Both answers A and B are correct.
Quarts of ice cream Total utility from ice cream 0 0 1 80 2 150 3 210 4 260 From the information in the above table, what is the marginal utility of the third quart of ice cream? A) 80 B) 70 C) 60 D) 230 Pizza Pepsi Slices per week Total utility Quantity per week Total utility 0 0 0 0 1 100 1 70 2 150 2 130 3 175 3 180 4 190 4 220 5 195 5 250 The table shows Elaine's utility from pizza and Pepsi. If Elaine consumes 2 slices of pizza and 3 Pepsis, her marginal utility from the fourth Pepsi is ________ units. A) 60 B) 54 C) 40 D) 220 Fritos Fruit drinks Quantity Total utility Quantity Total utility 0 0 0 0 1 40 1 50 2 75 2 95 3 105 3 135 4 130 4 170 5 150 5 200 6 165 6 225 The table above shows the total utility from the two goods Freddy likes to consume. The marginal utility Freddy receives from consuming an extra bag of Fritos A) depends on the quantity of fruit drinks consumed. B) decreases as he consumes more bags of Fritos. C) decreases as he consumes more fruit drinks. D) equals 75 when he consumes 2 bags of Fritos. The table above shows the total utility from the two goods Freddy likes to consume. Suppose that Freddy has already eaten 5 bags of Fritos. If he consumes one more bag, his marginal utility will A) equal 40. B) equal 35. C) equal 15. D) depend on the price of the extra bag. The table above shows the total utility from the two goods Freddy likes to consume. If Freddy has consumed 4 fruit drinks and then decides to drink another A) his total utility will increase. B) the marginal utility from the 5th drink equals 30. C) the marginal utility from the 5th drinks equals 50. D) Both answers A and B are correct.
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter6: Consumer Choice And Demand
Section: Chapter Questions
Problem 2QFR
Related questions
Question
Quarts of ice cream |
Total utility from ice cream |
0 |
0 |
1 |
80 |
2 |
150 |
3 |
210 |
4 |
260 |
- From the information in the above table, what is the
marginal utility of the third quart of ice cream? - A) 80
- B) 70
- C) 60
- D) 230
Pizza Pepsi
Slices per week |
Total utility |
Quantity per week |
Total utility |
0 |
0 |
0 |
0 |
1 |
100 |
1 |
70 |
2 |
150 |
2 |
130 |
3 |
175 |
3 |
180 |
4 |
190 |
4 |
220 |
5 |
195 |
5 |
250 |
- The table shows Elaine's utility from pizza and Pepsi. If Elaine consumes 2 slices of pizza and 3 Pepsis, her marginal utility from the fourth Pepsi is ________ units.
- A) 60
- B) 54
- C) 40
- D) 220
Fritos Fruit drinks
Quantity |
Total utility |
Quantity |
Total utility |
0 |
0 |
0 |
0 |
1 |
40 |
1 |
50 |
2 |
75 |
2 |
95 |
3 |
105 |
3 |
135 |
4 |
130 |
4 |
170 |
5 |
150 |
5 |
200 |
6 |
165 |
6 |
225 |
- The table above shows the total utility from the two goods Freddy likes to consume. The marginal utility Freddy receives from consuming an extra bag of Fritos
- A) depends on the quantity of fruit drinks consumed.
- B) decreases as he consumes more bags of Fritos.
- C) decreases as he consumes more fruit drinks.
- D) equals 75 when he consumes 2 bags of Fritos.
- The table above shows the total utility from the two goods Freddy likes to consume. Suppose that Freddy has already eaten 5 bags of Fritos. If he consumes one more bag, his marginal utility will
- A) equal 40.
- B) equal 35.
- C) equal 15.
- D) depend on the price of the extra bag.
- The table above shows the total utility from the two goods Freddy likes to consume. If Freddy has consumed 4 fruit drinks and then decides to drink another
- A) his total utility will increase.
- B) the marginal utility from the 5th drink equals 30.
- C) the marginal utility from the 5th drinks equals 50.
- D) Both answers A and B are correct.
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