"The second glass of Evian water was very good.May I have another?" Which of the following is necessarily true regarding this statement?
A) The marginal utility of the second glass is negative.
B) The marginal utility of the second glass is less than the marginal utility of the first glass.
C) The marginal utility of the second glass is positive.
D) The water is free.
E) The marginal utility of the third glass is negative.
Correct Answer:
Verified
Q25: The law of diminishing marginal utility implies
Q26: Marginal utility is defined as the
A)average amount
Q27: The marginal utility of a second copy
Q28: If marginal utility is negative, total utility
Q29: The law of diminishing marginal utility states
Q31: Total utility can be calculated as the
A)sum
Q32: Positive marginal utility implies increasing total utility.
Q33: The law of diminishing marginal utility implies
Q34: Marginal utility is negative only when quantity
Q35: Carvel advertises a football-shaped ice cream cake
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