Ask Question
BusinessBusiness
23 July, 10:35

If a consumer receives 22 units of marginal utility for consuming the first can of soda, 20 units from consuming the second, and 15 from the third, the total utility of consuming the three units is A. 57 utils. B. 15 utils. C. 35 utils. D. unknown as more information is needed to determine the answer.

+4
Answers (2)
  1. 23 July, 10:49
    0
    A) 57 utils

    Explanation:

    All three sodas

    22+20+15=57
  2. 23 July, 10:52
    0
    A. 57

    Explanation:

    Given:

    First can of soda: 22 units Second can of soda: 20 units Third can of soda: 25 units

    Because Marginal utility refers to utility obtained from the consumption of an additional unit of goods. It is the satisfaction of consumers for the use of additional unit of goods or services.

    So the total utility of consuming the three units is:

    First can of soda + Second can of soda + Third can of soda

    = 22 + 20 + 15 = 57 units

    We choose A
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If a consumer receives 22 units of marginal utility for consuming the first can of soda, 20 units from consuming the second, and 15 from ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Flavor Food Company distributes to consumers coupons which may be presented (on or before a stated expiration date) to grocers for discounts on certain products of Flavor. The grocers are reimbursed when they send the coupons to Flavor.
Answers (1)
Carlson Fashions uses standard costs for Its manufacturing division. From the following data, calculate the fixed overhead volume variance.
Answers (1)
Jack feels that his economic crisis is caused by the current political situation and the lack of incentives for small businesses.
Answers (1)
According to AU-C 315, Understanding the Entity and its Environment and Assessing the Risks of Material Misstatement, not all controls are relevant to a financial statement audit.
Answers (1)
Derrick Company issues 4,000 shares of restricted stock to its CFO, Dane Yaping, on January 1, 2017. The stock has a fair value of $120,000 on this date. The service period related to this restricted stock is 4 years.
Answers (1)
New Questions in Business
During a certain four-year period, the consumer price index (CPI) increased by 30%, but during the next four-year period, it increased by only 10%. Which of these conditions must have existed during the second four-year period? A. Deflation B.
Answers (2)
Flagstaff Company has budgeted production units of 7,900 for July and 8,100 for August. The direct materials requirement per unit is 2 ounces (oz.).
Answers (1)
Name and describe the four basic types of fees and cost a franchise owner must pay
Answers (1)
What is the difference between capital gain and capital loss?
Answers (1)
g The Council of Economic Advisors to the President of a country reported gross investment expenditure at $400,000 during a particular year.
Answers (1)
Home » Business » If a consumer receives 22 units of marginal utility for consuming the first can of soda, 20 units from consuming the second, and 15 from the third, the total utility of consuming the three units is A. 57 utils. B. 15 utils. C. 35 utils. D.
Sign Up Forgot Password?