If the total utility from consuming the fifth unit of a product is 6 and the total utility from all five units is 162, then the total utility from consuming four units must be:
A. 168
B. 27
C. 156
D. 972
C. 156
Economics
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What currency was the base, or center, currency in the ERM used in Europe during the 1980s and 1990s?
A) the French franc B) the British pound C) the German mark D) the Italian lira
Economics
Marginal utility is best computed as the ratio of:
a. total utility to change in quantity consumed. b. the change in total utility to total quantity consumed. c. total quantity consumed to total utility. d. the change in total utility to change in quantity consumed.
Economics