This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If Dalene's marginal benefit from consuming another cookie is greater than the price of the cookie, ... (Read 345 times)

codyclark

  • Hero Member
  • *****
  • Posts: 538
on: Jul 1, 2018
If Dalene's marginal benefit from consuming another cookie is greater than the price of the cookie, then
 a. Dalene will not purchase any more cookies
  b. the opportunity cost of the cookie is lower than the price
  c. Dalene's utility will decrease if she purchases the cookie
  d. Dalene will increase her total satisfaction by purchasing the additional cookie
  e. she has purchased too many cookies

Question 2

Suppose you go to a wedding reception that has free drinks. What is likely to be the marginal utility of the last drink you had?
 a. infinite
  b. 0
  c. 1
  d. less than 0
  e. greater than 1


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ladyjames123

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


codyclark

  • Hero Member
  • *****
  • Posts: 538
Reply #2 on: Jul 1, 2018
Thank you :)


ladyjames123

  • Sr. Member
  • ****
  • Posts: 346
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Greater Swiss Mountain Dog Greater Swiss Mountain Dog
The Whole Is Greater than the Sum of its Parts The Whole Is Greater than the Sum of its Parts
A greater number of men than women hold full-time jobs, but the gap is closing because of an ... A greater number of men than women hold full-time jobs, but the gap is closing because of an ...
Middle age brings greater career satisfaction than young adulthood, sometimes through major job ... Middle age brings greater career satisfaction than young adulthood, sometimes through major job ...
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Video: Biological organic compounds

For a complete list of videos, visit our video library