Pat's total utility after eating 99 Reese's Peanut Butter Cups was greater than his total utility after eating 100 Reese's Peanut Butter Cups. Therefore, Pat's marginal utility from the 100th peanut butter cup was:
A. positive, but less than one.
B. zero.
C. positive, but less than his marginal utility for the 99th peanut butter cup.
D. negative.
Answer: D
You might also like to view...
Which of the following is a potential solution to help low-income countries reduce their greenhouse gas emission?
a. The European Union relaxing strict guidelines for low-income countries’ emissions b. Reducing the emissions allowed by high-income countries c. High-income countries paying for some of the costs associated with reducing the emissions d. Imposing new, stricter emissions guidelines for low-income countries
Why does the economy's aggregate demand curve have a negative slope?
In this graph, expansionary policy causes ______.
a. equilibrium to shift down along the aggregate demand curve
b. equilibrium to shift up along the aggregate demand curve
c. the aggregate demand curve to shift to the left
d. the aggregate demand curve to shift to the right
An increase in the price of a product
A) automatically increases wages. B) raises the firm's demand for labor. C) would probably decrease total revenues. D) increases productivity.