Asked by
Divyesh Mohankumar
on Dec 05, 2024Verified
(Table: The Utility of Macaroni and Cheese) Use Table: The Utility of Macaroni and Cheese.Carmen loves eating macaroni and cheese on Thanksgiving.The marginal utility she derives from the sixth serving she eats is _____ units.
A) -25
B) 0
C) 25
D) -15
Marginal Utility
The added satisfaction or utility that a consumer receives from having one more unit of a good or service.
Macaroni and Cheese
A classic dish made by combining cooked macaroni pasta with a creamy cheese sauce.
Thanksgiving
A national holiday celebrated in several countries, commemorating a feast or giving thanks for blessings, notably observed in the United States on the fourth Thursday in November.
- Compare and contrast marginal utility versus total utility.
Verified Answer
HC
Learning Objectives
- Compare and contrast marginal utility versus total utility.