As Reba consumes four slices of pizza, her total utility rises from 0 to 18, to 24, to 28, and to 30, respectively. What is her marginal utility of the fourth slice of pizza?
a. 28
b. 24
c. 2
d. 7
e. 8
C
You might also like to view...
Refer to the scenario above. The interest that you will earn, after a year, is equal to:
A) $10. B) $30. C) $32.24. D) $52.
What is normally the ultimate cause of hyperinflation?
What will be an ideal response?
Regarding unemployment, the classical model implies that
A) unemployment always exists. B) unemployment cannot exist. C) voluntary unemployment is zero, but involuntary unemployment often is fairly high. D) only voluntary unemployment exists.
When banks hold excess reserves because they don't see good lending opportunities, _____
a. contractionary monetary policy is negatively affected b. expansionary monetary policy is negatively affected c. expansionary monetary policy is unaffected d. contractionary monetary policy is unaffected