A) characterizes things of little use. B) is the additional utility derived from the last unit of a good consumed. C) is an implication of the law of demand. D) is always negative when total utility is positive and positive when total utility is negative. A) characterizes things of little use. B) is the additional utility derived from the last unit of a good consumed. C) is an implication of the law of demand. D) is always negative when total utility is positive and positive when total utility is negative.

Exam 8: Utility and Demand

Pizza Pepsi -The above table shows Priscilla's marginal utility from the two goods she consumes, pizza and Pepsi. The price of a slice of pizza is $2 and of a can of Pepsi is $1. Suppose Priscilla has $6 to spend. Which combination of pizza and Pepsi will maximize Priscilla's utility?

(Multiple Choice)

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(42)

Question 241

________ is the additional satisfaction a person receives from consuming an extra unit of a good.

(Multiple Choice)

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Question 242

Jeannie's marginal utility from her 4th book in a month is 50. Her marginal utility from her 5th book

(Multiple Choice)

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(39)

Question 243

-The table above gives Jane's total utility from magazines and CDs. The price of a magazine is $4 and the price of a CD is $10. If Jane's total budget for magazines and CDs is $70.00 per week, what is her total utility at her utility maximizing consumer equilibrium?

(Multiple Choice)

4.8/5

(40)

Question 244

-The table above gives Cathy's total utility from Mt. Dew. Cathy's marginal utility from the 3rd Mt. Dew is ________ units.

(Multiple Choice)

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Question 245

Apples Tacos -Sasha derives utility from consuming apples and tacos as shown in the table above. Apples cost $1 each and tacos cost $2 each. If Sasha's income is $8, he will consume

(Multiple Choice)

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(37)

Question 246

-The table above gives Cathy's total utility from Mt. Dew. Cathy's marginal utility from the 4th Mt. Dew is ________ units.

(Multiple Choice)

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Question 247

As Goldilocks consumes more gummy bears, her total utility and her marginal utility from gummy bears .

(Multiple Choice)

4.7/5

(36)

Question 248

John and Sally have identical preferences except that Sally's utility is exactly 10 times John's for each basket of goods. If they have the same income and face the same prices

(Multiple Choice)

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(35)

Question 249

-The table above gives Jane's total utility from magazines and CDs. The price of a magazine is $4 and the price of a CD is $10. What is the marginal utility per dollar from magazines when the sixth magazine is purchased?

(Multiple Choice)

4.8/5

(39)

Question 250

Marginal utility

(Multiple Choice)

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Question 251

Which of the following is NOT an assumption of marginal utility theory?

(Multiple Choice)

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Question 252

-The table above gives Jane's total utility from magazines and CDs. What is the marginal utility of the sixth CD?

(Multiple Choice)

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(39)

Question 253

Neuroeconomists believe that one day measuring the amount of brain hormone called ________, which increases in response to pleasures and decreases in response to disappointments, will allow them to measure utility more accurately.

(Multiple Choice)

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(37)

Question 254

Suppose that Richard has just told you that he would not pay more than $100 dollars for one of his favorite baseball cards. You offer to give him $110 dollars for his card and he refuses. What consumer choice theory or effect explains this result?

(Multiple Choice)

4.9/5

(30)

Question 255

-The above table shows Homer's total utility from boxes of doughnuts. As Homer's consumption of doughnuts increases

(Multiple Choice)

4.8/5

(40)

Question 256

-The table above gives Cathy's total utility from Mt. Dew. Cathy's marginal utility from additional Mt. Dews is

(Multiple Choice)

4.8/5

(41)

Question 257

The total benefit that a person receives from the consumption of goods and services is called

(Multiple Choice)

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Question 258

Renee consumes pizza and rice. An increase in her income causes her to consume fewer pizzas and more rice. The change in pizzas consumed means that

(Multiple Choice)

4.9/5

(39)

Question 259

Emma consumes only tacos and pizza. They are substitute goods for her. The price of a taco falls. Emma will buy tacos and her marginal utility from the last slice of pizza she eats .

(Multiple Choice)

4.8/5

(40)

Question 260

Showing 241 - 260 of 366

Pizza Pepsi -The above table shows Priscilla's marginal utility from the two goods she consumes, pizza and Pepsi. The price of a slice of pizza is $2 and of a can of Pepsi is $1. Suppose Priscilla has $6 to spend. Which combination of pizza and Pepsi will maximize Priscilla's utility?

________ is the additional satisfaction a person receives from consuming an extra unit of a good.

Jeannie's marginal utility from her 4th book in a month is 50. Her marginal utility from her 5th book

-The table above gives Jane's total utility from magazines and CDs. The price of a magazine is $4 and the price of a CD is $10. If Jane's total budget for magazines and CDs is $70.00 per week, what is her total utility at her utility maximizing consumer equilibrium?

-The table above gives Cathy's total utility from Mt. Dew. Cathy's marginal utility from the 3rd Mt. Dew is ________ units.

Apples Tacos -Sasha derives utility from consuming apples and tacos as shown in the table above. Apples cost $1 each and tacos cost $2 each. If Sasha's income is $8, he will consume

-The table above gives Cathy's total utility from Mt. Dew. Cathy's marginal utility from the 4th Mt. Dew is ________ units.

As Goldilocks consumes more gummy bears, her total utility and her marginal utility from gummy bears .

John and Sally have identical preferences except that Sally's utility is exactly 10 times John's for each basket of goods. If they have the same income and face the same prices

-The table above gives Jane's total utility from magazines and CDs. The price of a magazine is $4 and the price of a CD is $10. What is the marginal utility per dollar from magazines when the sixth magazine is purchased?

Marginal utility

Which of the following is NOT an assumption of marginal utility theory?

-The table above gives Jane's total utility from magazines and CDs. What is the marginal utility of the sixth CD?

Neuroeconomists believe that one day measuring the amount of brain hormone called ________, which increases in response to pleasures and decreases in response to disappointments, will allow them to measure utility more accurately.

Suppose that Richard has just told you that he would not pay more than $100 dollars for one of his favorite baseball cards. You offer to give him $110 dollars for his card and he refuses. What consumer choice theory or effect explains this result?

-The above table shows Homer's total utility from boxes of doughnuts. As Homer's consumption of doughnuts increases

-The table above gives Cathy's total utility from Mt. Dew. Cathy's marginal utility from additional Mt. Dews is

The total benefit that a person receives from the consumption of goods and services is called

Renee consumes pizza and rice. An increase in her income causes her to consume fewer pizzas and more rice. The change in pizzas consumed means that

Emma consumes only tacos and pizza. They are substitute goods for her. The price of a taco falls. Emma will buy tacos and her marginal utility from the last slice of pizza she eats .

What Is Economics

The Economic Problem

Demand and Supply

Elasticity

Efficiency and Equity

Government Actions in Markets

Global Markets in Action

Organizing Production

Output and Costs

Perfect Competition

Monopoly

Monopolistic Competition

Oligopoly

Public Choices, Public Goods, and Healthcare

Externalities

Markets for Factors of Production

Economic Inequality

Uncertainty and Information

Filters

Exam 8: Utility and Demand

Pizza Pepsi -The above table shows Priscilla's marginal utility from the two goods she consumes, pizza and Pepsi. The price of a slice of pizza is $2 and of a can of Pepsi is $1. Suppose Priscilla has $6 to spend. Which combination of pizza and Pepsi will maximize Priscilla's utility?

________ is the additional satisfaction a person receives from consuming an extra unit of a good.

Jeannie's marginal utility from her 4th book in a month is 50. Her marginal utility from her 5th book

-The table above gives Jane's total utility from magazines and CDs. The price of a magazine is $4 and the price of a CD is $10. If Jane's total budget for magazines and CDs is $70.00 per week, what is her total utility at her utility maximizing consumer equilibrium?

-The table above gives Cathy's total utility from Mt. Dew. Cathy's marginal utility from the 3rd Mt. Dew is ________ units.

Apples Tacos -Sasha derives utility from consuming apples and tacos as shown in the table above. Apples cost $1 each and tacos cost $2 each. If Sasha's income is $8, he will consume

-The table above gives Cathy's total utility from Mt. Dew. Cathy's marginal utility from the 4th Mt. Dew is ________ units.

As Goldilocks consumes more gummy bears, her total utility ________ and her marginal utility from gummy bears ________.

John and Sally have identical preferences except that Sally's utility is exactly 10 times John's for each basket of goods. If they have the same income and face the same prices

-The table above gives Jane's total utility from magazines and CDs. The price of a magazine is $4 and the price of a CD is $10. What is the marginal utility per dollar from magazines when the sixth magazine is purchased?

Marginal utility

Which of the following is NOT an assumption of marginal utility theory?

-The table above gives Jane's total utility from magazines and CDs. What is the marginal utility of the sixth CD?

Neuroeconomists believe that one day measuring the amount of brain hormone called ________, which increases in response to pleasures and decreases in response to disappointments, will allow them to measure utility more accurately.

Suppose that Richard has just told you that he would not pay more than $100 dollars for one of his favorite baseball cards. You offer to give him $110 dollars for his card and he refuses. What consumer choice theory or effect explains this result?

-The above table shows Homer's total utility from boxes of doughnuts. As Homer's consumption of doughnuts increases

-The table above gives Cathy's total utility from Mt. Dew. Cathy's marginal utility from additional Mt. Dews is

The total benefit that a person receives from the consumption of goods and services is called

Renee consumes pizza and rice. An increase in her income causes her to consume fewer pizzas and more rice. The change in pizzas consumed means that

Emma consumes only tacos and pizza. They are substitute goods for her. The price of a taco falls. Emma will buy ________ tacos and her marginal utility from the last slice of pizza she eats ________.

What Is Economics

The Economic Problem

Demand and Supply

Elasticity

Efficiency and Equity

Government Actions in Markets

Global Markets in Action

Organizing Production

Output and Costs

Perfect Competition

Monopoly

Monopolistic Competition

Oligopoly

Public Choices, Public Goods, and Healthcare

Externalities

Markets for Factors of Production

Economic Inequality

Uncertainty and Information

Filters

As Goldilocks consumes more gummy bears, her total utility and her marginal utility from gummy bears .

Emma consumes only tacos and pizza. They are substitute goods for her. The price of a taco falls. Emma will buy tacos and her marginal utility from the last slice of pizza she eats .