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Author Question: The reason that you don't drink five cups of coffee at breakfast is that a. the marginal utility of ... (Read 104 times)

james0929

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on: Jul 1, 2018
The reason that you don't drink five cups of coffee at breakfast is that
 a. the marginal utility of extra cups of coffee eventually diminishes
  b. most people cannot afford five cups
  c. the total utility of coffee rises as you consume more cups
  d. the price of coffee rises as you buy more cups
  e. the marginal satisfaction derived from cups of coffee remains constant

Question 2

The marginal utility of a second copy of today's New York Times is
 a. infinite
  b. practically zero
  c. positive and greater than the marginal utility of the first copy
  d. equal to the marginal utility of the first copy
  e. 50 cents


LegendaryAnswers

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

A

Answer to Question 2

B


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