Multiple Choice
Suppose you are eating hamburgers. The first hamburger gives you 16 units of satisfaction, the second hamburger 8 additional units, and the third brings the total utility to 30. What was the marginal utility of the third hamburger?
A) 8
B) 22
C) 10
D) 6
Correct Answer:

Verified
Correct Answer:
Verified
Q6: Firms often diversify in order to reduce
Q7: Which of the following defines consumer surplus?<br>A)
Q8: Insurance companies can lower their risks by<br>A)
Q9: What is the efficiency frontier?<br>
Q10: Explain why indifference curves and budget lines
Q12: The marginal utility gain from the consumption
Q13: Diminishing marginal utility implies that total utility
Q14: Why can we relate the product characteristics
Q15: An indifference curve is <br>A) the
Q16: What are the three attitudes towards risk?<br>A)