The total utility of consuming 6 units of a good is 255. The marginal utility of the 6th unit is 45 and the marginal utility of the 5th unit is 65. The total utility of consuming 5 units of the good is
A) 300.
B) 150.
C) 215.
D) 195.
Answer: C
You might also like to view...
Rent seeking is inefficient logrolling leads to a misallocation of resources
a. True b. False
A new Mexican restaurant opens in the city of Manchester. The other restaurant owners are not happy about this new restaurant because they are experiencing what externality?
In the Staples/Office Depot Case, the government:
A. blocked a merger. B. allowed a merger but regulated the resulting firm. C. allowed a merger and did not regulate the resulting firm. D. prosecuted the two firms for collusion.
A right-to-work law is
A. a state law making the union shop illegal. B. a state law making the open shop illegal. C. a federal law making the union shop illegal. D. a federal law making the closed shop illegal.