Scenario 5.1
The demand for noodles is given by the following equation: Q = 20 - 4P + 0.2I - 2P x . Assume that P = $8, I = 200, and P x = $10.
-_____ is the lack of satisfaction yielded after consuming too much of the same product.
A)Ordinal utility
B)Disutility
C)Total utility
D)Marginal utility
E)Cardinal utility

Question

Quizplus · Accepted Answer

The term "disutility" refers to the lack of satisfaction or negative utility that arises from consuming too much of the same product. Therefore, the answer is B. As for the best choice, it is not provided in the given information.

Scenario 5.1 The Demand for Noodles Is Given by the Following Equation