Multiple Choice
What is the additional utility that George receives from consuming one more slice of pizza?
A) average utility.
B) marginal utility.
C) total utility.
D) diminishing utility.
Correct Answer:

Verified
Correct Answer:
Verified
Q22: Figure 6.3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 6.3
Q23: Behavioural economics is<br>A)the study of how people
Q24: Psychologists Daniel Kahneman and Amos Tversky conducted
Q25: How is total utility maximised in the
Q26: Figure 6.2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 6.2
Q28: What is marginal utility?<br>A)The change in total
Q29: Figure 6.7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 6.7
Q30: If Lisa spends her income on veggie
Q31: During a study session for an economics
Q32: Table 6.7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Table 6.7