Kathy has eaten five cookies. The fifth cookie makes Kathy sick. This means that for Kathy
A) the fifth cookie has little utility.
B) the fifth cookie has negative utility.
C) the opportunity cost of cookies is high.
D) cookies must be inexpensive.
Correct Answer:
Verified
Q65: When marginal utility is positive, total utility
Q66: Marginal utility
A) at first rises and then
Q67: As more of a product is consumed,
Q68: When marginal utility is negative, total utility
A)
Q69: In economics, the term "marginal" refers to
A)
Q71: The additional utility or satisfaction that one
Q72: When marginal utility is zero, total utility
Q73: The marginal utility derived from viewing the
Q74: The total utility of consuming 6 units
Q75: When total utility is at a maximum
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents