Ricardo eats 20 pieces of sushi on a Friday night. When he eats the 21st piece, he starts to feel nauseous and realizes he probably should not have eaten the last piece. This suggests that for Ricardo the
A) marginal utility of the 21st piece of sushi is positive and increasing.
B) marginal utility of the 21st piece of sushi is negative.
C) total utility of pieces of sushi is increasing.
D) total utility of pieces of sushi is increasing by larger and larger increments.
Correct Answer:
Verified
Q145: For Matthew, the marginal utility of the
Q146: Refer to the information provided in Figure
Q147: Related to the Economics in Practice on
Q148: Refer to the information provided in Figure
Q149: The law of diminishing marginal utility refers
Q151: The marginal utility of the first cup
Q152: The law of diminishing marginal utility implies
Q153: Related to the Economics in Practice on
Q154: Refer to the information provided in Figure
Q155: Total utility is
A) the total amount of
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