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Question
Scenario 3.1:Andy derives utility from two goods, potato chips (Qp) and Cola (Qc). Andy receives zero utility unless he consumes some of at least one good. The marginal utility that he receives from the two goods is given as follows:
| Qp | MUp | Qc | MUc |
| 1 | 12 | 1 | 24 |
| 2 | 10 | 2 | 22 |
| 3 | 8 | 3 | 20 |
| 4 | 6 | 4 | 18 |
| 5 | 4 | 5 | 16 |
| 6 | 2 | 6 | 14 |
| 7 | -2 | 7 | 12 |
| 8 | -4 | 8 | 10 |
Refer to Scenario 3.1. What is the total utility that Andy will receive if he consumes 5 units of potato chips (Qp) and no Cola drink (Qc)?
A) 4 utils
B) 10 utils
C) 30 utils
D) 40 utils
E) none of the above
Answer
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