This topic contains a solution. Click here to go to the answer

Author Question: If Dalene's marginal benefit from consuming another cookie is greater than the price of the cookie, ... (Read 340 times)

codyclark

  • Hero Member
  • *****
  • Posts: 538
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ladyjames123

  • Sr. Member
  • ****
  • Posts: 346
Answer to Question 1

D

Answer to Question 2

B





 

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

For a complete list of videos, visit our video library