This topic contains a solution. Click here to go to the answer

Author Question: If Tom purchases and consumes an entire Pizza, which of the following is likely to be true? a. The ... (Read 55 times)

sc00by25

  • Hero Member
  • *****
  • Posts: 596
If Tom purchases and consumes an entire Pizza, which of the following is likely to be true?
 a. The total utility of the first two pieces will be positive and the marginal utility of the second piece will be negative.
  b. The marginal utility of the second piece will be positive and the total utility of the first two pieces will be negative.
  c. The total utility of the first two pieces will be positive and the marginal utility of the second piece will be less than the marginal utility of the first piece.
  d. The marginal utility of the second piece will be positive and the total utility of the first two pieces will be less than the marginal utility of the first piece.

Question 2

Any kind of social regulation raises the per unit cost of production of a good and hence leads to a loss of producer and consumer surplus.
 a. True
  b. False
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

rekilledagain

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

c

Answer to Question 2

True




sc00by25

  • Member
  • Posts: 596
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


scottmt

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

For a complete list of videos, visit our video library