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Quantity Consumed Total Utility Marginal Utility 1 50 2 98 3 143 45 4 183 5 33 6 241 7 15 8 254 Refer to

Quantity Consumed Total Utility Marginal Utility
1 50
2 98
3 143 45
4 183
5 33
6 241
7 15
8 254

Refer to the above information to answer this question.What is the marginal utility of the 3rd unit?

Select one:

A.143.

B.45.

C.30.

D.48.

E.Cannot be determined.

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Quantity Consumed Total Utility Marginal Utility
1 50
2 98
3 143 45
4 183
5 33
6 241
7 15
8 254

Refer to the above information to answer this question.What is the total utility of 7 units?

Select one:

A.256.

B.25.

C.15.

D.271.

E.Cannot be determined.

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Quantity Consumed Total Utility Marginal Utility
1 50
2 98
3 143 45
4 183
5 33
6 241
7 15
8 254

Refer to the above information to answer this question.After the consumption of how many units will total utility be maximized?

Select one:

A.8.

B.4.

C.5.

D.7.

E.Cannot be determined.

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Quantity Consumed Total Utility Marginal Utility
1 50
2 98
3 143 45
4 183
5 33
6 241
7 15
8 254

Refer to the above information to answer this question.How many units should this consumer purchase?

Select one:

A.1.

B.7.

C.8.

D.0.

E.Cannot be determined.

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The following table shows Pierre's utility for bagels and cider.

Quantity Bagels: Marginal Utility Cider: Marginal Utility
1 20 20
2 10 16
3 8 12
4 3 9
5 1 4

Refer to the above information to answer this question.If Pierre has a budget of $12 and the price of each bagel and each cider are $2, what will be his optimal purchase based on MU for each consumption item?

Select one:

A.3 bagels and 3 ciders.

B.4 bagels and 2 ciders.

C.1 bagel and 5 ciders.

D.2 bagels and 4 ciders.

E.5 bagels and 1 ciders.

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The following table shows Pierre's utility for bagels and cider.

Quantity Bagels: Marginal Utility Cider: Marginal Utility
1 20 20
2 10 16
3 8 12
4 4 9
5 1 3

Refer to the above information to answer this question.If Pierre has a budget of $12, the price of each bagel is $1 and each cider is $2, what will be his optimal purchase based on MU?

Select one:

A.2 bagel and 5 ciders.

B.6 bagels and 3 ciders.

C.10 bagels and 1 ciders.

D.8 bagels and 2 ciders.

E.4 bagel and 4 ciders.

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Table 5.13
Quantity Consumed Total Utility
1 30
2 55
3 75
4 90
5 100
6 105
7 105
8 100

Refer to Table 5.13 to answer this question.What is the marginal utility of the 5th unit?

Select one:

A.20.

B.10.

C.100.

D.Cannot be answered from this information.

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Table 5.13
Quantity Consumed Total Utility
1 30
2 55
3 75
4 90
5 100
6 105
7 105
8 100

Refer to Table 5.13 to answer this question.With the consumption of what quantity is marginal utility equal to zero.

Select one:

A.7.

B.8.

C.5.

D.1.

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