Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
anthonydel117 anthonydel117
wrote...
Go to Answer
Posts: 449
Rep: 16 0
5 years 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.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 44 times
2 Replies
Replies
Answer verified by a subject expert
Kutthroat K.Kutthroat K.
wrote...
#1
Posts: 405
Rep: 57 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

anthonydel117 Author
wrote...
#2
5 years ago
This calls for a celebration Person Raising Both Hands in Celebration
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1093 People Browsing
 101 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 375
  
 872
  
 1132
Your Opinion
How often do you eat-out per week?
Votes: 79
Previous poll results: Do you trust social media networks with protecting your privacy?