Refer to the information provided in Table 6.1 below to answer the questions that follow.Number ofHamburgers per Day1234Number ofSodas per Day1234Total Utility30526776Total Utility20354757Marginal UtilityMarginal UtilityQuestion #33: Refer to Table 6.1. The marginal utility of the second soda per day isA) 10.B) 15.C) 35.D) 55.Question # 34: Refer to Table 6.1. The marginal utility of the third hamburger per day isA) 5.B) 15.C) 22.33.D) 119.Question # 35: Refer to Table 6.1. Diminishing marginal utility sets in after theA) firstB) secondC) thirdD) fourthQuestion # 36: Refer to Table 6.1. The total utility of five hamburgers per day isA) 80.B) 81.C) 96.D) indeterminate from this information.Question #37: Refer to Table 6.1. The total utility of five sodas per day isA) 35.B) 64.C) 92.D) indeterminate from this information.soda perday.

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Question #33: Refer to Table 6.1. The marginal utility of the second soda per day is A) 10. B) 15. C) 35. D) 55.

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter5: Consumer Choice: Individual And Market Demand

Section: Chapter Questions

Problem 3DQ

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