Question

U be XX To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. The table (4-2) given below records the total utility derived from the consumption of Oranges. Table 4.2 Number of Oranges Total Utility & S 13. According to Table 4.2, the marginal utility of the third orange is d. 18 14- According to Table 4.2, marginal utility is positive a. for any number of oranges b. for up to five oranges e for one or two oranges d. only after five oranges are consumed for the first four oranges 15- According to Table 4.2, marginal utility is negative a. for any number of oranges b. up to five oranges only for one or two oranges d. only after five oranges are consumed e only after the first oranges is consumed 16-Refer to Table 4.2. The law of diminishing marginal utility holds a. for any number of oranges b. up to five oranges only for one or two oranges d. only after five oranges are consume e. for the first three oranges

Answer 1

Ans13) the correct option is a) 12. ( 48 - 36 = 12)

Ans14) the correct option is b) for upto five oranges

Ans15) the correct option is d) only after five oranges are consumed

Ans16) the correct option is a) for any number of oranges