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Author Question: If Dalene's marginal benefit from consuming another cookie is greater than the price of the cookie, ... (Read 306 times)

codyclark

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on: Jul 1, 2018
If Dalene's marginal benefit from consuming another cookie is greater than the price of the cookie, then
 a. Dalene will not purchase any more cookies
  b. the opportunity cost of the cookie is lower than the price
  c. Dalene's utility will decrease if she purchases the cookie
  d. Dalene will increase her total satisfaction by purchasing the additional cookie
  e. she has purchased too many cookies

Question 2

Suppose you go to a wedding reception that has free drinks. What is likely to be the marginal utility of the last drink you had?
 a. infinite
  b. 0
  c. 1
  d. less than 0
  e. greater than 1


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ladyjames123

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


codyclark

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Reply #2 on: Jul 1, 2018
Thank you :)


ladyjames123

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Reply #3 on: Jul 1, 2018
Happy to help you


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