Multiple Choice
Drew and Jake go to the amusement park, and they each take three rides on the roller coaster. Drew's total utility from the three rides is 85 utils; Jake's total utility is 70. What can we conclude about the marginal utility each of them has derived from the third ride?
A) For Drew, the third ride provided 85 units of marginal utility.
B) For Jake, the third ride brought him no marginal utility.
C) The marginal utility of the third ride was higher for Drew than for Jake.
D) The marginal utility they each expected from the third ride was positive.
Correct Answer:
Verified
Correct Answer:
Verified
Q68: What must be true of the number
Q69: Marginal means<br>A) average.<br>B) controversial.<br>C) undesirable.<br>D) the incremental
Q70: What would cause demand to be fairly
Q71: Economic theory asserts that<br>A) if there is
Q72: The only goods you don't purchase are
Q74: No matter what the price of coffee
Q75: When marginal utility is zero,<br>A) total utility
Q76: If demand for a good is unit
Q77: A baker raised his bread prices by
Q78: The price you are willing to pay