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Author Question: Kathy eats five slices of pizza on a Saturday night but admits each slice of pizza doesn't taste as ... (Read 236 times)

littleanan

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on: May 25, 2020

Question 1

The law of diminishing marginal utility allows us to conclude that
◦ supply curves slope upward.
◦ demand curves slope downward to the right.
◦ a consumer will buy positive amounts of all goods.
◦ total utility will increase by an increasing amount as consumption increases.

Question 2

Kathy eats five slices of pizza on a Saturday night but admits each slice of pizza doesn't taste as good as the previous one. This suggests that for Kathy
◦ the marginal utility of a slice of pizza is negative.
◦ the total utility of slices of pizza is increasing by larger and larger increments.
◦ the marginal utility of a slice of pizza is positive but decreasing.
◦ the total utility of slices of pizza is declining.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by littleanan on May 25, 2020

sokh

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Reply #1 on: May 25, 2020
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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littleanan

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

6ana001

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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