Author Question: I don't feel so good. I shouldn't have had that last doughnut. Which statement best describes this ... (Read 77 times)

Chloeellawright · **on:** Jul 1, 2018

I don't feel so good. I shouldn't have had that last doughnut. Which statement best describes this situation?
a. The marginal utility of the last doughnut was positive.
b. The marginal utility of doughnuts is still increasing.
c. The total utility from eating doughnuts is negative.
d. The marginal utility of the last doughnut was negative.
e. The marginal utility of the next doughnut will be positive.

Question 2

The second glass of Evian water was very good. May I have another? Which of the following is necessarily true regarding this statement?
a. The marginal utility of the second glass is negative.
b. The marginal utility of the second glass is less than the marginal utility of the first glass.
c. The marginal utility of the second glass is positive.
d. The water is free.
e. The marginal utility of the third glass is negative.