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Author Question: Kelly's marginal utilities for magazines and packages of gummy bears are listed in the table above. ... (Read 50 times)

plus1

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on: Jun 29, 2018
Kelly's marginal utilities for magazines and packages of gummy bears are listed in the table above. What is the extra utility received by Kelly when she decides to consume 3 packages of gummy bears instead of 2 packages?
 
  A) 20
  B) 160
  C) 180
  D) 540

Question 2

The demand for food in poor countries is
 
  A) inelastic and more inelastic than in rich countries.
  B) inelastic but more elastic than in rich countries.
  C) elastic but less elastic than in rich countries.
  D) elastic and more elastic than in rich countries.


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C.mcnichol98

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

B

Answer to Question 2

B


plus1

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Reply #2 on: Jun 29, 2018
Thank you :)


C.mcnichol98

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Reply #3 on: Jun 29, 2018
Happy to help you


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