Josh is eating pizza at his favorite Italian restaurant. Below is his utility from this consumption:Table 19.1Slice of PizzaTotal UtilityMarginal UtilityFirst slice2020Second slice3919Third slice-15Fourth slice59-Refer to Table 19.1. The marginal utility Josh enjoys from the fourth slice of pizza is
A. 20 utils.
B. 0 utils.
C. 5 utils.
D. 54 utils.
Answer: C
You might also like to view...
Based on the data in the above table, the table shows a market for a good with
A) an external cost. B) an external benefit. C) a mixed externality. D) no externalities.
If a pair-wise majority vote was held and the voters' preferences are shown in the table, which option would win overall?
A. Public transportation
B. Public zoo
C. Public parks
D. It is impossible to predict which option would win.
Which of the following effects will not increase (i.e., shift to the right) the aggregate supply curve?
a. An increase in the average national price level. b. An appreciation of the domestic currency. c. An increase in the number of immigrants. d. All of these answers are correct. e. None of these answers are correct.
Assume the total product of three workers is 60 and the total product of four workers is 80. The four worker's average product is ________ while the fourth worker's marginal product is ________.
A. 20; 20 B. 80; 20 C. 15; 5 D. 5; 15