Solved

-Sam's Total Utility for Bananas Is in the Table Above

Question 113

Multiple Choice

  -Sam's total utility for bananas is in the table above.Sam's total utility shows that the law of diminishing marginal utility A)  holds because his marginal utility from bananas decreases as Sam eats more bananas. B)  does not hold because Sam's total utility does not reach its maximum. C)  does not hold because Sam's marginal utility does not decrease to zero. D)  holds because Sam's total utility from bananas increases as Sam eats more bananas. E)  None of the above answers is correct because there are no data for marginal utility with which to answer the question.
-Sam's total utility for bananas is in the table above.Sam's total utility shows that the law of diminishing marginal utility


A) holds because his marginal utility from bananas decreases as Sam eats more bananas.
B) does not hold because Sam's total utility does not reach its maximum.
C) does not hold because Sam's marginal utility does not decrease to zero.
D) holds because Sam's total utility from bananas increases as Sam eats more bananas.
E) None of the above answers is correct because there are no data for marginal utility with which to answer the question.

Correct Answer:

verifed

Verified

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

Related Questions