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Other Fields Homework Help Economics Topic started by: anthonydel117 on Mar 3, 2019



Title: Which of the following statements is TRUE with respect to total utility and marginal utility?
Post by: anthonydel117 on Mar 3, 2019

Question 1.

Which of the following is NOT consistent with the law of diminishing marginal utility?

• A student's enjoyment of a movie increases the more she watches it.

• Newspaper vending machines are not as secure as soft drink machines.

• A symphony has free throat lozenges in their lobby.

• A student selects to eat at an all-you-can-eat restaurant rather than at a restaurant that charges for refills.

Question 2.

Which of the following statements is TRUE with respect to total utility and marginal utility?

• Total utility is not related to marginal utility.

• Total utility can decline while marginal utility rises.

• Marginal utility always rises as total utility increases.

• Marginal utility can decline as total utility rises.


Title: Which of the following statements is TRUE with respect to total utility and marginal utility?
Post by: Kutthroat Kane on Mar 3, 2019
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Title: Which of the following statements is TRUE with respect to total utility and marginal utility?
Post by: anthonydel117 on Mar 3, 2019
This calls for a celebration :raised_hands: