Multiple Choice
For a person in a desert community, as compared to being in a non-desert community,water would have
A) lower marginal utility and lower total utility
B) lower marginal utility and higher total utility
C) higher marginal utility and lower total utility
D) higher marginal utility and higher total utility
E) zero marginal utility, but higher total utility
Correct Answer:

Verified
Correct Answer:
Verified
Q51: The New York Yankees are the winningest
Q52: According to the water and diamond paradox,
Q53: The budget constraint 12,000 = 2X +
Q54: Indifference curves are convex because of the
Q55: To economists, the term utility refers to
Q57: If Jenna buys a CD at a
Q58: Suppose Fred honestly tells the car dealer
Q59: Total utility<br>A) can never be negative<br>B) is
Q60: Indifference curves are typically shaped like total
Q61: Producer surplus refers to<br>A) the difference between