Multiple Choice
The table below shows the total utility associated with various units of goods X and Y.Table 7.5
-If the price of videotapes decreases, then the _____.
A) marginal utility of videotapes will decrease
B) marginal utility of videotapes will increase
C) marginal utility per dollar of videotapes will decrease
D) marginal utility per dollar of videotapes will increase
E) total utility of videotapes will increase
Correct Answer:
Verified
Correct Answer:
Verified
Q33: The table given below reports the total
Q34: The below figure shows the various combinations
Q35: The table given below depicts the total
Q36: Scenario 5.1<br>The demand for noodles is given
Q37: The below figure shows the various combinations
Q39: The below table shows the average utility
Q40: The below table shows the average utility
Q41: The below indifference map shows the various
Q42: The table below shows the total utility
Q43: The below table shows the average utility