Multiple Choice
On a hot summer day, a construction worker enters a McDonald's fast-food restaurant. He orders the first Big Mac. He consumes it within 3 minutes. He then orders a second Big Mac and consumes it in 10 minutes. He eats only half of the third one in 18 minutes and throws away the rest. The store manager offers him the fourth for free. The construction worker says: "No thanks." Why?
A) For the construction worker, total utility increased at an increasing rate.
B) Marginal utility increased at an increasing rate.
C) Marginal utility declined as he consumed additional Big Macs.
D) The law of diminishing marginal utility does not apply to consumption of Big Macs.
Correct Answer:

Verified
Correct Answer:
Verified
Q69: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q70: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Using the above
Q71: Maria buys a cup of coffee every
Q72: Given the price of a good or
Q73: If the price of tea rises relative
Q75: The tendency of people to substitute cheaper
Q76: When marginal utility is negative, total utility<br>A)
Q77: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Use the above
Q78: Suppose that a consumer is at an
Q79: An increase in income will<br>A) shift the