Multiple Choice
Assume the price of cola is $8 per unit and the price of pretzels is $4 per unit. Table 19.3
Michael's Utility Schedule
In Table 19.3 the marginal utility per dollar of the second cola is
A) 10.
B) 6.
C) 4.
D) 12.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: The law of diminishing marginal utility does
Q3: Price discrimination works best when<br>A)Sellers cannot meet
Q4: As more satisfaction is achieved from consuming
Q5: The four determinants of demand that are
Q6: Assume that Anna buys peanut butter and
Q7: Assume the price of cola is
Q8: Marginal utility is<br>A)The sum of the total
Q9: Car dealers can easily price discriminate because<br>A)Buyers
Q10: According to consumer choice theory,rational behavior requires
Q11: When choosing among products,consumers look at<br>A)The marginal