Recent Posts • Latest Topics • Unanswered Questions

If a restaurant runs a special and sells a lobster dinner for $4.50, Amy buys one lobster dinner a ...

chomtong

wrote...

Go to Answer

Posts: 589

Rep:

6 years ago

If a restaurant runs a special and sells a lobster dinner for $4.50, Amy buys one lobster dinner a ...

If a restaurant runs a special and sells a lobster dinner for $4.50, Amy buys one lobster dinner a week. If lobster dinners are not on special and the price is $16.00, Amy buys zero lobster dinners per week. Which of the following is TRUE?
A) Amyʹs marginal utility from a lobster dinner is greater than $16.00.
B) Amyʹs marginal utility from a lobster dinner is less than $4.50.
C) Amy's demand for lobster is inelastic.
D) The value of Amyʹs marginal utility from a lobster dinner is at least $4.50 and less than $16.00.

Read 203 times

1 Reply

Report

Replies

Answer verified by a subject expert

DeToXiFY

wrote...

Related Topics

chomtong Author

wrote...

6 years ago

Just got PERFECT on my quiz

jbag1237

wrote...

Yesterday

Good timing, thanks!

DAGINC

wrote...

2 hours ago

I appreciate what you did here, answered it right Smiling Face with Open Mouth

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1276 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

AJAX Chat © blueimp.net Integrated with SMF

Related Images

1058

4430

165

Your Opinion

Previous poll results: Which is the best fuel for late night cramming?

Bonobos, Chimpanzees, and the 98% DNA Link

It's sore throat season, why does my mucus have red spots?

Strange Ingredients Lurking in Doritos Chips

Courses by Biology Forums

The Toxic Skin and Fungi Defense

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.