O D. The marginal utility of the 80th unit is less than that of the 120th because the graph increases from left to right until the 120th unit. O E. The marginal utility of the 80th unit is more than that of the 120th because the change in total utility from 60 to 80 units is greater than the change from 100 to 120 units. c. How is the concept of diminishing marginal utility demonstrated in this diagram? (Select all that apply.) The law is demonstrated by the fact that A. total utility increases at a decreasing rate. B. total utility decreases at an increasing rate. c. total utility increases at an increasing rate. D. total utility decreases at a decreasing rate. E. total utility for the 120th unit is the same as that of the 140th unit. d. What is the marginal utility of consuming Good X when total utility is at its maximum? util(s)
O D. The marginal utility of the 80th unit is less than that of the 120th because the graph increases from left to right until the 120th unit. O E. The marginal utility of the 80th unit is more than that of the 120th because the change in total utility from 60 to 80 units is greater than the change from 100 to 120 units. c. How is the concept of diminishing marginal utility demonstrated in this diagram? (Select all that apply.) The law is demonstrated by the fact that A. total utility increases at a decreasing rate. B. total utility decreases at an increasing rate. c. total utility increases at an increasing rate. D. total utility decreases at a decreasing rate. E. total utility for the 120th unit is the same as that of the 140th unit. d. What is the marginal utility of consuming Good X when total utility is at its maximum? util(s)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
36

Transcribed Image Text:D. The marginal utility of the 80th unit is less than that of the 120th because the graph
increases from left to right until the 120th unit.
E. The marginal utility of the 80th unit is more than that of the 120th because the change
in total utility from 60 to 80 units is greater than the change from 100 to 120 units.
c. How is the concept of diminishing marginal utility demonstrated in this diagram? (Select all
that apply.)
The law is demonstrated by the fact that
A. total utility increases at a decreasing rate.
B. total utility decreases at increasing rate.
C. total utility increases at an increasing rate.
D. total utility decreases at a decreasing rate.
E. total utility for the 120th unit is the same as that of the 140th unit.
d. What is the marginal utility of consuming Good X when total utility is at its maximum?
util(s)
(m)

Transcribed Image Text:Use the diagram to the right to answer the questions below about marginal and total utility for
the consumption of Good X.
a. What is the total utility of consuming 80 units of the good? 120 units? 140 units?
util(s). The total utility of consuming
The total utility of consuming 80 units of the good is
120 units of the good is util(s). The total utility of consuming 140 units of the good is
util(s).
(Round your responses to one decimal place.)
b. How does the marginal utility of the 80th unit compare to that for the 120th? How do you
know?
O A. The marginal utility of the 80th unit is less than that of the 120th because the change
in total utility from 60 to 80 units is less than the change from 100 to 120 units.
OB. The marginal utility of the 80th unit is more than that of the 120th because the change
in total utility from 60 to 80 units is less than the change from 100 to 120 units.
O C. The marginal utility of the 80th unit is less than that of the 120th because the change
in total utility from 0 to 80 units is less than the change from 0 to 120 units.
O D. The marginal utility of the 80th unit is less than that of the 120th because the graph
increases from left to right until the 120th unit.
Total Utility (in "utils")
64-
60-
56-
52-
48-
44-
40-
36-
32-
28-
24-
20-
16-
12-
8-
4-
0-
0
20
40
60
80 100 120
Units of Good X Consumed per Period
140
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