Multiple Choice
Table 7-2
Table 7-2 above shows Keira's utility from soup and sandwiches. The price of soup is $2 per cup and the price of a sandwich is $3. Keira has $18 to spend on these two goods.
-Refer to Table 7-2.What is Keira's marginal utility per dollar spent on the third cup of soup?
A) 72 utils
B) 36 utils
C) 12 utils
D) 6 utils
Correct Answer:

Verified
Correct Answer:
Verified
Q11: At a price of $100, Beachside Canoe
Q21: During a study session for an economics
Q99: If the demand for a product is
Q157: The midpoint formula is used to measure
Q169: If the absolute value of the price
Q235: Suppose the marginal utilities for the first
Q248: If total utility increases at a decreasing
Q273: Which of the following statements describes economists'
Q281: The price elasticity of demand for Stork
Q286: What is the relationship between price elasticity