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Author Question: As a person consumes more and more slices of pizza, the marginal utility of each extra slice ... (Read 231 times)

V@ndy87

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on: Jun 29, 2018
As a person consumes more and more slices of pizza, the marginal utility of each extra slice diminishes.
 
  Indicate whether the statement is true or false

Question 2

Fresno County, California is the largest agricultural producing county in the country and almonds are an important crop with more than 99,000 acres harvested. Each acre produces about a ton of almonds and sold at a price of 4300 a ton.
 
  The Sagardia Brothers grew 600 acres of almonds. What would happen if the Sagardia Brothers priced their almonds at 4500 a ton? A) Profits will be higher than when they sell them at the lower price.
  B) The quantity sold will be higher.
  C) They will not sell any almonds.
  D) They will sell fewer almonds, but profits will be higher.


shaikhs

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

TRUE

Answer to Question 2

C


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