Multiple Choice
For Matthew, the marginal utility of the tenth coffee in a day is zero.
A) This implies that Matthew's demand curve for coffees per day will become upward- sloping at ten coffees per day.
B) This suggests that Matthew must maximise utility by consuming ten coffees per day.
C) This is impossible because each additional unit of consumption of any good must provide positive marginal utility.
D) This suggests that Matthew must maximise utility by consuming zero cups of coffee per day.
E) This implies that, at a zero price, Matthew's demand curve will intersect the quantity axis at ten.
Correct Answer:

Verified
Correct Answer:
Verified
Q47: Which of the following is an example
Q48: Consumer surplus will be zero at any
Q49: You would be willing to pay a
Q50: A change in consumer income that is
Q51: A consumer will buy more units of
Q53: People gamble because they are what economists
Q54: Risk- averse behaviour is consistent with the
Q55: An indifference curve is convex to the
Q56: Harry tells you that he prefers Irn-
Q57: Moral hazard create costs for insurance companies