TABLE 6-5

-Refer to Table 6-5. The table shows Bennett's total utility from each bag of potato chips and can of soda pop that he consumes. What is the total utility that Bennett receives from four bags of potato chips?
A) 7
B) 8
C) 48
D) 55

Question

TABLE 6-5
 
-Refer to Table 6-5. The table shows Bennett's total utility from each bag of potato chips and can of soda pop that he consumes. What is the total utility that Bennett receives from four bags of potato chips?
A) 7 
B) 8 
C) 48 
D) 55

Quizplus · Accepted Answer

The total utility that Bennett receives from four bags of potato chips is 48, which is calculated by adding the marginal utility values for each of the four bags: 10 + 8 + 7 + 23 = 48. This is the highest total utility value that Bennett can achieve from any combination of chips and soda, so the best choice for him would be to consume four bags of potato chips.

TABLE 6-5 -Refer to Table 6-5. the Table Shows Bennett's Total Utility