Carl's marginal utility for consuming beer and hotdogs with $8.00 in income is given in the table at right. In the table, Carl experiences diminishing marginal utility after consuming how many hotdogs? O A. 1 OB. 4 OC. 2 OD. 3 Quantity of Hotdogs 1 GAWNA 2 3 4 5 Marginal Quantity of Utility Beer 1 45 40 30 15 5 -5 23WN→ 4 5 Marginal Utility 40 0 40 35 10 0

Carl's marginal utility for consuming beer and hotdogs with $8.00 in income is given in the table at right. In the table, Carl experiences diminishing marginal utility after consuming how many hotdogs? O A. 1 OB. 4 OC. 2 OD. 3 Quantity of Hotdogs 1 GAWNA 2 3 4 5 Marginal Quantity of Utility Beer 1 45 40 30 15 5 -5 23WN→ 4 5 Marginal Utility 40 0 40 35 10 0

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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