Suppose the marginal utilities for the first three cans of coke are 100, 80 and 60, respectively.What is the total utility received from consuming 2 cans?
A)20.
B)80.
C)90.
D)180.

Question

Quizplus · Accepted Answer

The total utility received from consuming 2 cans of coke is the sum of the marginal utilities of the first two cans, which is 100 (for the first can) + 80 (for the second can) = 180.

Suppose the Marginal Utilities for the First Three Cans of Coke