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Author Question: A local restaurant offers an all you can eat Sunday brunch for 12 . Susan eats four servings, but ... (Read 14 times)

asd123

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on: Jun 30, 2018
A local restaurant offers an all you can eat Sunday brunch for 12 . Susan eats four servings, but leaves half of a fifth helping uneaten. Why?
 a. Her marginal value of a serving of brunch has fallen below 12.
  b. Her marginal value of a serving has fallen below 2.36 (12 divided by 5 servings).
  c. Her marginal value of food has fallen to zero.
  d. The total value she places on brunch today exactly equals 12.

Question 2

Ralph wants to buy some milk and a box of cereal. If Ralph buys 2 quarts of milk at 1 per quart, the box of cereal costs 75 cents. If he buys 3 quarts of milk at 1 per quart, the box of cereal is free. For Ralph, the marginal cost of the third quart of milk is:
 a. zero. b. 25 cents.
  c. 75 cents. d. 1.


helenmarkerine

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


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