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zmudasam zmudasam
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4 years ago

Question 1.

Marginal utility is the ________ satisfaction gained by consuming ________ of a good.



▸ total; all units

▸ total; one more unit

▸ additional; all units

▸ additional; one more unit

Question 2.

Kathy eats five slices of pizza on a Saturday night but admits each slice of pizza doesn't taste as good as the previous one. This suggests that for Kathy the



▸ marginal utility of a slice of pizza is positive but decreasing.

▸ marginal utility of a slice of pizza is negative.

▸ total utility of slices of pizza is declining.

▸ total utility of slices of pizza is increasing by larger and larger increments.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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BakariBakari
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4 years ago
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zmudasam Author
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#2
4 years ago
This site is awesome!
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#3
4 years ago
Slight Smile Good luck on the rest
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