Solved

Suppose Your Marginal Utility from Consuming the 3rd Slice of Cake

Question 219

Multiple Choice

Suppose your marginal utility from consuming the 3rd slice of cake is zero; then your total utility from consuming cake is

A) maximised.
B) decreasing.
C) negative.
D) increasing.

Related Questions

Q59: An item has utility for a consumer

Q113: A network externality causes firms to sacrifice

Q135: The order of the letters along the

Q160: An increase in income results in an

Q214: What is the restriction that a consumer's

Q217: There are two conditions necessary for a

Q218: To what does the income effect of

Q221: The endowment effect is<br>A)the phenomenon that economic

Q222: Each price-quantity combination on a consumer's demand

Q237: Some online penny auctions charge a fee,