Solved

Suppose Carrie's Utility Function for Clams Is as Follows: If

Question 8

Multiple Choice

Suppose Carrie's utility function for clams is as follows: If she consumes 1 clam, she gets 10 units of total utility; for 2 clams, she gets 18 units of total utility; for 3 clams, she gets 24 units of total utility; for 4 clams, she gets 28 units of total utility; for 5 clams, she gets 30 units of total utility; and for 6 clams, she gets 26 units of total utility.


A) Carrie gets 9 units of marginal utility for the 2nd clam.
B) Carrie gets 8 units of marginal utility for the 3rd clam.
C) Carrie gets 7 units of marginal utility for the 4th clam.
D) None of the above are true.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents