Bonnie gets her hair cut at her usual salon and is very happy with the results. Later that afternoon, she goes to the mall and sees that a hair salon is giving away free haircuts only on that day. If Bonnie does not take advantage of the giveaway, it is because the:
A) marginal utility of the next haircut would be zero or negative.
B) marginal utility of the next haircut would increase.
C) marginal utility of the next haircut would be zero or positive.
D) total utility of both haircuts would be zero or negative.
Correct Answer:
Verified
Q1: The subjective measure of the physical and
Q2: Utility theory assumes that marginal utility:
A) increases
Q4: Generally speaking, as more of a particular
Q5: The marginal utilities associated with the first
Q7: Utility is defined as the:
A) sense of
Q8: A util represents a unit of measurement
Q9: If utility is not maximized, then:
A) some
Q10: The term utility refers to the:
A) pleasure
Q11: If water is essential for life, while
Q202: The fact that a gallon of gasoline
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