Multiple Choice
The 100th game of chess gives Jones more utility than the 32nd game of chess. It follows that
A) neither the law or principle of diminishing marginal utility holds.
B) the law of diminishing marginal utility may hold since the 32nd game of chess might have been a different "good" than the 100th game of chess (after all, it could have been played with a different person) .
C) there must be a law of increasing marginal utility.
D) total utility after the 32nd game had to be higher than total utility after the 100th game.
Correct Answer:

Verified
Correct Answer:
Verified
Q8: A person is said to be in
Q27: If a person's income and the prices
Q33: The theory of consumer choice assumes that
Q39: Exhibit 20-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9059/.jpg" alt="Exhibit 20-3
Q45: Exhibit 20-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9059/.jpg" alt="Exhibit 20-1
Q47: Exhibit 20-6 <br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9059/.jpg" alt="Exhibit 20-6
Q71: Ari is currently consuming 10 hot dogs
Q103: Economists contend that the goal of individuals
Q147: Suppose that the MU/P ratio for good
Q168: Suppose you are eating slices of pizza