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.
Conditioned Taste Aversions
Study of Taste Categories among the Weyéwa of Sumba, Indonesia
Taste Test
Experiments showing that long- or short-day plants flower in response to night length. Each horizont