Solved

Exhibit 6-8 Consider Exhibit 6-8

Question 36

Multiple Choice

Exhibit 6-8 Exhibit 6-8     Consider Exhibit 6-8.Which of the following best describes what it reveals about total and marginal utility for baseball game tickets? A) Marginal utility is constantly pulling total utility down, until eventually it becomes negative. B) Marginal utility is constantly pulling total utility up and will continue to increase total utility as long as the person consumes more goods. C) Marginal utility is constantly pulling total utility up, but by less each time. D) At first marginal utility is positive and pulls total utility up but at a decreasing rate; then marginal utility becomes negative and pulls total utility down. E) At first marginal utility is positive and pulls total utility up, but then it becomes negative and makes total utility become negative as well. Exhibit 6-8     Consider Exhibit 6-8.Which of the following best describes what it reveals about total and marginal utility for baseball game tickets? A) Marginal utility is constantly pulling total utility down, until eventually it becomes negative. B) Marginal utility is constantly pulling total utility up and will continue to increase total utility as long as the person consumes more goods. C) Marginal utility is constantly pulling total utility up, but by less each time. D) At first marginal utility is positive and pulls total utility up but at a decreasing rate; then marginal utility becomes negative and pulls total utility down. E) At first marginal utility is positive and pulls total utility up, but then it becomes negative and makes total utility become negative as well. Consider Exhibit 6-8.Which of the following best describes what it reveals about total and marginal utility for baseball game tickets?


A) Marginal utility is constantly pulling total utility down, until eventually it becomes negative.
B) Marginal utility is constantly pulling total utility up and will continue to increase total utility as long as the person consumes more goods.
C) Marginal utility is constantly pulling total utility up, but by less each time.
D) At first marginal utility is positive and pulls total utility up but at a decreasing rate; then marginal utility becomes negative and pulls total utility down.
E) At first marginal utility is positive and pulls total utility up, but then it becomes negative and makes total utility become negative as well.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions