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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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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