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Author Question: As Rob consumes more dates over the course of a day, it is likely that his marginal utility from ... (Read 33 times)

clmills979

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on: Jun 29, 2018
As Rob consumes more dates over the course of a day, it is likely that his marginal utility from date consumption will rise. Is the previous statement likely correct or incorrect?
 
  What will be an ideal response?

Question 2

Lee earns more than does Pat. Which of the following can explain why?
 
  A) Pat is discriminated against.
  B) Lee has more human capital.
  C) Lee has a greater degree of specialization in earning an income.
  D) All of the above could be a factor leading to the wage difference.


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Pariscourtney

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

The statement is incorrect. The principle of diminishing marginal utility means that Rob marginal utility from eating dates decreases as he eats more dates.

Answer to Question 2

D


clmills979

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Reply 2 on: Jun 29, 2018
Excellent

lkanara2

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

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