Multiple Choice
Assume the graph shown represents Dawn's budget constraint.If Dawn's income to spend on these two items increased and Dawn spends all her income on these two goods,then Dawn's total utility from consuming these two goods:
A) will likely go up, since she can afford more of both goods now.
B) will likely go down, since her marginal utility of additional items decreases the more she consumes.
C) will likely go down, since she is probably sick of these two things already.
D) will likely go up, since her marginal utility of additional items increases the more she consumes.
Correct Answer:

Verified
Correct Answer:
Verified
Q29: Utility is:<br>A)a quantitative measure of consumers' preferences.<br>B)an
Q45: This table shows the different combinations of
Q46: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1248/.jpg" alt=" If the graph
Q47: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1248/.jpg" alt=" If the graph
Q48: Sam has $200 a month to spend
Q49: The concept of diminishing marginal utility:<br>A) explains
Q51: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1248/.jpg" alt=" Assume Bonnie has
Q52: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1248/.jpg" alt=" The slope of
Q53: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1248/.jpg" alt=" Assume Mimi's budget
Q55: A budget constraint is:<br>A) a line that