Ask Question
BusinessBusiness
6 October, 06:45

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.

+2
Answers (2)
  1. 6 October, 08:01
    0
    A) 57 utils

    Explanation:

    All three sodas

    22+20+15=57
  2. 6 October, 08:28
    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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The Sanchez Company purchased a delivery truck on February 1, 2018. The purchase agreement required Sanchez to pay the total amount due of $15,000 on February 1, 2019.
Answers (2)
Read this carefully: In 1987 after 900 days of research and work, Norwegian Prime Minister Gro Harlem Brundtland developed what has become the touchstone definition for Sustainability.
Answers (1)
Make an entry as of december 31, 2017, recording any necessary amortization. (round answers to 0 decimal places, e. g. 125. credit account titles are automatically indented when the amount is entered. do not indent manually.
Answers (1)
A company wants to set up their headquarters in Spain where the corporate tax rates are as follows: 11% of first $40,000 profits, 22% of next $26,000, 39% of next $29,000, and 42% of everything over $95,000.
Answers (1)
Why is acknowledgement so important to active listening?
Answers (2)
New Questions in Business
A gift that might otherwise be viewed as a future interest in a trust can be treated as a present interest gift if:
Answers (1)
Curtain Co. paid dividends of $10,000; $12,500; and $14,000 during Year 1, Year 2, and Year 3, respectively. The company had 2,100 shares of 5.5%, $100 par value preferred stock outstanding that paid a cumulative dividend.
Answers (1)
Describe how legal contracts provide incentives for people to exchange goods and services
Answers (1)
List four wan technologies that are carried over the pstn.
Answers (1)
Which of the events is likely to occur when the business cycle is in a period of recession (contraction) ? an increase in the standard of living an increase in unemployment an increase in GDP (gross domestic product) an increase in economic growth
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?