The table above shows the total utility from the two goods Freddy likes to consume. If Freddy has consumed 4 fruit drinks and then decides to drink another

A) his total utility will increase.
B) the marginal utility from the 5th drink equals 30.
C) the marginal utility from the 5th drinks equals 50.
D) Both answers A and B are correct.

D

Economics

You might also like to view...

There has been a massive relocation of heavy industry from the U.S. Northeast and upper Midwest to the "Sun Belt."

Indicate whether the statement is true or false

Economics

Using a graph, show the effects of a negative externality. Where is the socially optimum point of output? How can it be achieved?

What will be an ideal response?

Economics