Solved

The Below Table Shows the Average Utility (In Utils) Obtained

Question 21

Multiple Choice

The below table shows the average utility (in utils) obtained from the consumption of goods A and B.Table 7.3
The below table shows the average utility (in utils)  obtained from the consumption of goods A and B.Table 7.3    -Suppose a friend gives you two pieces of gum, and you decide to have one piece now and save the other for tomorrow. You do this because: A) the total utility you get from the two pieces of gum will be higher tomorrow. B) the marginal utility you get from the second piece will be higher tomorrow. C) the marginal utility you get from the second piece will be higher today. D) the marginal utility you get from the first piece will be less today. E) the total utility you get from the two pieces will be less tomorrow.
-Suppose a friend gives you two pieces of gum, and you decide to have one piece now and save the other for tomorrow. You do this because:


A) the total utility you get from the two pieces of gum will be higher tomorrow.
B) the marginal utility you get from the second piece will be higher tomorrow.
C) the marginal utility you get from the second piece will be higher today.
D) the marginal utility you get from the first piece will be less today.
E) the total utility you get from the two pieces will be less tomorrow.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions