Refer to the figure below. Total utility _ as additional apples are consumed, but marginal utility _ with each additional apple consumed.

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Refer to the figure below. Total utility _ as additional apples are consumed, but marginal utility _ with each additional apple consumed. A.first increases then decreases; decreases B.first decreases then increases; decreases C.first decreases then increases; increases D.first in … 阅读详情>> "Refer to the figure below. Total utility _ as additional apples are consumed, but marginal utility _ with each additional apple consumed."

If Terry’s total utility is maximized when he owns 10 pairs of shoes, then Terry’s total utility from owning 7 pairs of shoes is __ Terry’s total utility from owning 8 pairs.

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If Terry’s total utility is maximized when he owns 10 pairs of shoes, then Terry’s total utility from owning 7 pairs of shoes is __ Terry’s total utility from owning 8 pairs. A.equal to B.greater than C.less than D.less than or equal to 正确答案:less than

If the marginal utility of the 3rd cup of coffee is 23 and the marginal utility of the 4th cup is 15, then:

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If the marginal utility of the 3rd cup of coffee is 23 and the marginal utility of the 4th cup is 15, then: A.there is evidence of diminishing marginal utility. B.it is optimal for the consumer to have 3 cups of coffee. C.the price of a cup of coffee must be relatively low. D.it … 阅读详情>> "If the marginal utility of the 3rd cup of coffee is 23 and the marginal utility of the 4th cup is 15, then:"

Cory gets 18, 23, and 25 units worth of total utility from consuming 10, 11, and 12 raw oysters, respectively, and the price per oyster is 25 cents. Thus, one can infer that Cory:

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Cory gets 18, 23, and 25 units worth of total utility from consuming 10, 11, and 12 raw oysters, respectively, and the price per oyster is 25 cents. Thus, one can infer that Cory: A.has consumed too many oysters. B.is not maximizing his utility. C.should not consume any more oyst … 阅读详情>> "Cory gets 18, 23, and 25 units worth of total utility from consuming 10, 11, and 12 raw oysters, respectively, and the price per oyster is 25 cents. Thus, one can infer that Cory:"