Multiple Choice
If a consumer receives 20 units of utility from consuming two candy bars, and 25 units of utility from consuming three candy bars, the marginal utility of the third candy bar is
A) 25 utils.
B) 20 utils.
C) 5 utils.
D) unknown as more information is needed to determine the answer.
Correct Answer:
Verified
Correct Answer:
Verified
Q292: Which of the following does not explain
Q293: Suppose Barry is maximizing his utility from
Q294: Economists assume that the goal of consumers
Q295: One reason college students do not study
Q296: Terence has $50 per week to spend
Q298: Grace Makutsi finally bought a pair of
Q299: Which of the following is used to
Q300: Sunk costs<br>A)are costs associated with repairing something
Q301: Eliza consumes 12 cappuccinos and 8 apple
Q302: What is the endowment effect?<br>A)the tendency of