"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.
Correct Answer:
Verified
Q18: Economists assume people's tastes are
A)determined solely by
Q19: Exhibit 6-1 Q20: Exhibit 6-1 Q21: As a consumer buys more of a Q22: Which of the following sayings describes the Q24: The law of diminishing marginal utility states Q25: The law of diminishing marginal utility implies Q26: Marginal utility is defined as the Q27: The marginal utility of a second copy Q28: If marginal utility is negative, total utility
A)average amount
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