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MMLU / A student eats 3 slices of pizza while studying for his Economics exam. The…

Problem

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question

A student eats 3 slices of pizza while studying for his Economics exam. The marginal utility of the first slice of pizza is 10 utils, the second slice is 7 utils, and the third slice is 3 utils. Which of the statements below holds true with the above data?

choices

  1. The student would not eat any more pizza.
  2. The marginal utility of the 4th slice of pizza will be 0.
  3. The student should have stopped eating pizza after 2 slices.
  4. The total utility this student received from eating pizza is 20 utils.

subject

high_school_microeconomics

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