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Author Question: The table above gives Cathy's total utility from Mt. Dew. If the price of a Mt. Dew is 1.50, Cathy's ... (Read 151 times)

appyboo

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on: Jun 29, 2018
The table above gives Cathy's total utility from Mt. Dew. If the price of a Mt. Dew is 1.50, Cathy's marginal utility per dollar from the 4th Mt. Dew is ________ units per dollar.
 
  A) 15
  B) 10
  C) 82.5
  D) 22.5

Question 2

The above figure shows the marginal social benefit and marginal social cost curves of chocolate in the nation of Kaffenia. At Kaffenia's efficient quantity of chocolate
 
  A) total consumer surplus is zero.
  B) total producer surplus is zero.
  C) the sum of consumer surplus and producer surplus is zero.
  D) the sum of consumer surplus and producer surplus is maximized.


flexer1n1

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


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