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Author Question: In the figure above, the marginal utility of the third crate of tomatoes for the person with total ... (Read 16 times)

ghost!

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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.


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debra928

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

A

Answer to Question 2

D


ghost!

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Reply 2 on: Jun 29, 2018
Excellent

Dnite

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

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