Ask a Question
  
  
  
Top Posters
Since Sunday
8
5
4
4
4
4
4
4
4
4
4
4
New Topic  
wrote...
Posts: 76
2 weeks ago

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.
Source  Download
Economics Today: The Micro View
Edition: 19th
Author:
Read 2 times
2 Replies
Replies
Answer verified by a subject expert
wrote...
Posts: 64
Rep: 9 0
2 weeks ago
Sign in or Sign up in seconds to unlock everything.

Answer 1

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

Answer 2

Marginal utility can decline as total utility rises.
1
Related Topics
wrote...
2 weeks ago
This calls for a celebration Person Raising Both Hands in Celebration
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers.
Learn More
Improve Grades
Help Others
Save Time
Accessible 24/7
  157 People Browsing
 115 Signed Up Today
Related Images
 1639
 109
 26