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Author Question: If marginal utility is positive but diminishing, then total utility must be ________ as consumption ... (Read 213 times)

haleyc112

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on: Jun 29, 2018
If marginal utility is positive but diminishing, then total utility must be ________ as consumption of the good increases.
 
  A) decreasing
  B) positive and rising at an increasing rate
  C) positive and rising at a decreasing rate
  D) positive and rising at any rate

Question 2

Suppose that Dave has 200 to spend per week and he buys only magazines and pizza. The price of a pizza is 10 and the price of a magazine is 5. If Dave buys 15 pizza each week, what is the maximum number of magazines can he buy?
 
  A) 40
  B) 20
  C) 10
  D) 200


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sarajane1989

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

C

Answer to Question 2

C


haleyc112

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

amcvicar

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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