Question

Where does marginal utility first begin to diminish?

a. sometime after the first unit consumed
b. sometime after the third unit consumed
c. sometime after the fifth unit consumed
d. sometime after the fourth unit consumed
"e. sometime after the second unit consumed"

One reason why soft drink vending machines only allow dispense one unit at a time while newspaper vending machines open and more than one unit could be taken at a time is because the marginal utility of having a second copy of today's newspaper is

a. "practically zero"
b. irrelevent since the product only costs $0.50
c. constantly increasing
d. greater than the marginal utility of the first copy
e. almost equal to the marginal utility of the first copy

Answer 1

@Shadow If you can give me some assistance on these two questions that would be great.

Answer 2

1. I believe you're correct, the ∆T at the second unit is 35, but the third unit it decreases to 20

2. You are right again

Answer 3

Thank you :) <3

Answer 4

(: <3

Answer 5

Is this politics or economics xd

Answer 6

It's economics but it isn't in the subject list

Answer 7

True..., in future throw these in Finance. Although we should make that section xd

Answer 8

I told jay about it

Answer 9

Yeah

Answer 10

Ah next time ill put my questions in finance