ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Refer to the table at right. Brook's utility schedule shows
OA. increasing marginal utility throughout her entire schedule.
O B. diminishing marginal utility throughout her entire schedule.
OC. initially decreasing marginal utility and then increasing marginal utility.
OD. initially increasing marginal utility and then decreasing marginal utility.
B
Quantity
per Week
0
1
2
3
4
5
6
7
8
9
Amy
0
5.0
9.9
14.7
19.4
24.0
28.5
32.9
37.2
41.4
Total Utility
Brook Kate
0
0
100
600
190
1,200
270
1,800
340 2,400
400
3,000
450
3,600
490
4.200
520
4,800
510
5,400
Dave
0
60
130
220
310
425
575
900
1,275
1,770
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Transcribed Image Text:Refer to the table at right. Brook's utility schedule shows OA. increasing marginal utility throughout her entire schedule. O B. diminishing marginal utility throughout her entire schedule. OC. initially decreasing marginal utility and then increasing marginal utility. OD. initially increasing marginal utility and then decreasing marginal utility. B Quantity per Week 0 1 2 3 4 5 6 7 8 9 Amy 0 5.0 9.9 14.7 19.4 24.0 28.5 32.9 37.2 41.4 Total Utility Brook Kate 0 0 100 600 190 1,200 270 1,800 340 2,400 400 3,000 450 3,600 490 4.200 520 4,800 510 5,400 Dave 0 60 130 220 310 425 575 900 1,275 1,770
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