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- Marginal utility is negative only when quantity demanded is negative. Select one: O a. True Ob. False Clear my choice 4QUESTION 34 Which of the following statements is false? O a. Marginal utility may be negative. Ob. If the more is better assumption is satisfied, the marginal utility from consuming the second unit must be greater than the marginal utility from cons Oc. If the more is better assumption is satisfied, total utility will increase as consumption increases. d. Marginal utility is the slope of total utility QUESTION 359: Is il fossible for marginal utility To be negetive and yet Tolal Utilily To positive ? INhy be why not ? or
- A Moving to the next question prevents changes to this answer Question 33 According to the law of diminishing marginal utility marginal utility of a good decines as more of tis consumed in a given time period According this lan which of the following statement is true O Since we need gasoline more than we need paper gasoline is more valuable O Peas give me no satisfaction so l won't buy any O The mere I go to school the more I want to do something else O The more coffee t drink the moreI want to drink AMoving to the next question prevents sanges toTable A – Faris Daily Consumption Dozens of Oysters Total Utility Marginal Utility per Day 1 60 104 3 134 4 152 5 160 Number of Total Utility Marginal Utility Root Beers per Day 1 40 70 3 94 4 114 5 128 Refer to Table A shows Faris's consumption on the oysters and root beers per day for a total five days; i. Compute Faris's marginal utility of for consumption of dozens of oyster and number of root beers per day ii. At what units per day Faris's Diminishing Marginal Utility sets in for consumption of dozens of oyster and number root beers per day. iii. Please briefly explain why Faris will experience the Diminishing Marginal Utility as he consumes more unit of oysters and root beers.Which among the following is not true?Select one:a. None of the answers are correctb. When marginal utility declines, a higher price is needed to induce the consumer tobuy more of a particular productc. When marginal utility declines, a lower price is needed to induce the consumer tobuy more of a particular productd. All the answers are correcte. Utility maximizing rule and the demand curve are logically consistent
- As more of a good is consumed in a given period, its... total utility remains constant total utility decreases then increases O marginal utility decreases O marginal utility increasesDmISIIng Margifal Otmty n. TOTAL AND MARGINAL UTILITY Reset E UTILITY CALCULATIONS Total Utility Quantity Consumed Total Marginal Utility 70 Utility 60 50 22 40 1 22 30 18 20 40 10 14 2 3 4 54 Quantity Consumed 10 Marginal Utility 4 64 20 6. 10 70 3. 6. -10 6. 72 -20 -2 7 70 Quantity Consumed Quantity Consumed -6 8. 64 8 Prev 1 of 3 Score answer > ...stion 20 "When you refuse to drink one more cup of coffee, you are making the statement that the marginal utility of this additional cup is:" O Positive but increasing O Positive but decreasing O Negative O Zero
- 5. Maximum utility occurs when the marginal utility per dollar for both goods is equal. True True O FalseA 0. Number of cassette tapes per month Mark's budget constraint is AB. It would pivot to AC if the price of Select one: O a. CDs increased. O b. CDs decreased. O c. cassette tapes decreased. O d. cassette tapes increased. Number of CDs month perNumber of Sodas per day Total Utility Marginal Utility 1 20 2 35 3 47 12 4 10 5 7 Diminishing marginal utility sets in after the per day. O First Second O Third O Fourth Fifth