3. Complete the following table of Scouts utility from drinking cans of soda and answer the questions

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3. Complete the following table of Scout’s utility from drinking cans of soda and answer the questions below.

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a. At what point does marginal utility begin to fall?

b. Will Scout consume the 7th can of soda? Explain your answer.

c. True or false? Scout will be following the utilitymaximizing rule by consuming 2 cans of soda.
Explain your answer.

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Microeconomics

ISBN: 9780077501808

9th Edition

Authors: David Colander

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Question Posted: Oct 15, 2024 03:00 AM

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3. Complete the following table of Scouts utility from drinking cans of soda and answer the questions

Question:

Cans of Soda Total Utility Marginal Utility 0 -10 1 -12 2 22: 345 19 32: 8 4 6 44: 7 42

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Microeconomics

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