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chomtong chomtong
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6 years ago
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.
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DeToXiFYDeToXiFY
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#1
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6 years ago
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chomtong Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
decibul
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Yesterday
Smart ... Thanks!
cartoon
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2 hours ago
Thanks for your help!!
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