Question 15 Your enjoyment of peppermint patties follows the principle of diminishing marginal utility. You calculate your total utility after consuming the first patty Incorrect at 10, second patty at 15, third patty at 20, and fourth patty at 19. By the fourth patty you start to feel sick. When is your marginal utility maximized? 0.00 points out of 1.00 O a. When you consume the third patty X Flag question O b. When you consume the first patty O c. When you consume the fourth patty Question 16 What is the total utility at 3 units and the marginal utility when you go from consuming two cokes to three cokes? Incorrect 0.00 points out of 1.00 Table Flag question Quantity Marginal Utility 20 15 W N 10 5 O - 5 O a. Total Utility = 45; Marginal Utility = 10 O b. Total Utility = 45; Marginal Utility = 5 X O c. Total Utility = 50; Marginal Utility = 5Question 17 You buys only two brands of shampoo: "Nexxus" and "Olaplex" The more of any one you buy, the lower the marginal utility of that shampoo. In Incorrect spending all your income, your marginal utility of a "Nexxus" is 50 and your marginal utility of an "Olaplex" is 100. The price of a "Nexxus" bottle of 0.00 points out shamppoo is $20 and the price of an "Olaplex" bottle of shampoo is $30. Given this information, which of the statements is true? of 1.00 P Flag question O a. In equilibrium, you must give up three "Olaplex" bottles for two "Nexxus" balls. X O b. You would be willing to give up two "Olaplex" bottles for one "Nexxus" bottle. O c. You could increase your satisfaction by trading "Nexxus" for "Olaplex"