Table 7-1
Keegan has $30 to spend on Pita Wraps and Bubble Tea.The price of a Pita Wrap is $6 and the price of a glass of Bubble Tea is $3. Table 7-1 shows his total utility from different quantities of the two items.
-Refer to Table 7-1.If Keegan can drink all the bubble tea he wants for free,how many glasses will he consume?
A) 4 glasses
B) 5 glasses
C) 6 glasses
D) 7 glasses
Correct Answer:
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Q1: If total utility increases at a decreasing
Q7: Marginal utility can be
A)negative.
B)zero.
C)positive.
D)positive, negative, or zero.
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