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Author Question: ________ utility is the additional satisfaction gained by consuming ________ of a good. (Read 63 times)

mydiamond

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on: Apr 19, 2019

Question 1

Related to the 
Economics in Practice on page 121: Before the imposition of an excise tax on beer, name-brand beer sold for $20 per case and generic beer sold for $12 per case. After the imposition of the tax, name-brand beer sold for $28 per case and generic beer sold for $20 per case. Without the tax, the relative price of the name-brand beer


◦ is higher.
◦ is lower.
◦ did not change.
◦ More information is needed to determine the answer.

Question 2

________ utility is the additional satisfaction gained by consuming ________ of a good.


◦ Marginal; all units
◦ Total; one more unit
◦ Total; no more units
◦ Marginal; one more unit
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by mydiamond on Apr 19, 2019

aadams68

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mydiamond

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Reply #2 on: Apr 19, 2019
Thanks


aadams68

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Reply #3 on: Apr 19, 2019
Welcome :)


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