Author Question: In the figure above, the marginal utility of the third crate of tomatoes for the person with total ... (Read 55 times)

ghost! · **on:** Jun 29, 2018

In the figure above, the marginal utility of the third crate of tomatoes for the person with total utility curve C is

A) 13 units of utility.
B) 16 units of utility.
C) 32 units of utility.
D) 45 units of utility.

Question 2

A determinant of the price elasticity of demand is

A) whether the good is a durable or a nondurable.
B) the availability of resources used in the production of the product.
C) how well consumers like the good.
D) the proportion of the consumer's total budget spent on the good.