Choose the one alternative that best completes the statement or
answers the question.
1) Utility is
A) easily measured in units called utils.
B) subjective and difficult to measure.
C) the consumption of a quasi-public good like electricity or natural gas.
D) the production of a quasi-public good like electricity or natural gas.
2) If a consumer receives 22 units of marginal utility for consuming the first can of soda, 20
units from consuming the second, and 15 from the third, the total utility of consuming the three
3) If a consumer receives 20 units of utility from consuming two candy bars, and 25 units of
utility from consuming three candy bars, the marginal utility of the second candy bar is
4) Total utility