A5 Suppose Will consumes 5 units of good X and receives 20 utils from the first unit, 18 from the second, 12 from the third, 7 from the fourth, and 1 from the fifth. The total utility Will receives from consuming 5 units is 50 utiIs. 58 utiIs. 40 utils 45 utils

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A: # The correct option is (B)

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A: Utility function: u(x1, x2) = x1 + x2 Marginal Rate of substitution = dudx1dudx2= 12x11 Price of…

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A: Marginal utility refers to change in total utility with respect to change in output.

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Q: Units of the Good 0 1 2345678 Total Utility Total Utility of X of Y 0 0 620 1740 1120 3030 1500 3960…

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