Multiple Choice
This graph shows one consumer's demand for ice cream at the student union:
Joe is one of the students whose demand is shown.Joe buys more ice cream when the price is $2.00 than when the price is $3.00 because
A) Joe cannot afford $3.00 for a scoop of ice cream.
B) Joe has more consumer surplus when price is $3.00.
C) the marginal utility Joe gets from his fifth scoop of ice cream is less than the marginal utility Joe gets from other things that cost $3.00.
D) Joe does not experience diminishing marginal utility for ice cream consumption when it is only $2.00 per scoop but does when it is $3.00.
Correct Answer:

Verified
Correct Answer:
Verified
Q81: This table shows demand for shoes
Q82: Taylor's marginal utility from watching movies
Q83: You are trying to decide how to
Q84: This graph shows one consumer's demand for
Q86: Jamie's marginal utility for consuming muffins
Q87: The tendency for consumers to purchase more
Q88: The first time Michel tasted coffee,he thought
Q89: If the marginal utility of the 3<sup>rd</sup>
Q90: This graph shows one consumer's demand for
Q120: Assume that Dusty has $30 in income,