Solved

The Following Schedule Shows the Utility Mr

Question 9

Multiple Choice

The following schedule shows the utility Mr. Pomeroy derives from consumption of various amounts of food per day. Use it to answer the next question.
The following schedule shows the utility Mr. Pomeroy derives from consumption of various amounts of food per day. Use it to answer the next question.    -A person who eats a first chocolate from a box of candies,and a second,then a third,and so on (and nothing else) ,in an afternoon experiences a A)  continuous fall in total utility. B)  continuous rise in marginal utility. C)  simultaneous rise and fall in both total and marginal utility. D)  rise in marginal utility while total utility declines. E)  rise in total utility while marginal utility rises and then falls.
-A person who eats a first chocolate from a box of candies,and a second,then a third,and so on (and nothing else) ,in an afternoon experiences a


A) continuous fall in total utility.
B) continuous rise in marginal utility.
C) simultaneous rise and fall in both total and marginal utility.
D) rise in marginal utility while total utility declines.
E) rise in total utility while marginal utility rises and then falls.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents