Exhibit 6-1 Total utility for good X
Total utility (utils)0
80
120
148
160
155
Quantity consumed per day0
1
2
3
4
5
As shown in Exhibit 6-1, the law of diminishing marginal utility is first observed at the:
A. first unit.
B. second unit.
C. third unit.
D. fourth unit.
Answer: B
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