QUESTION 1 When total utility is at a maximum, marginal utility is: A. zero. B.

Question

QUESTION 1
When total utility is at a maximum, marginal utility is: A. zero. B. rising. C. at its average value. D. at a maximum.
QUESTION 2
Freddy has eaten three corn dogs at the county fair, and if he eats another, he will get sick on the roller coaster. Knowing this, and ignoring any impact that price might have on his decision, we can say that at the fourth corn dog the: A. total utility curve is still increasing. B. total utility is less than zero. C. marginal utility is less than zero. D. marginal utility curve is still increasing.
QUESTION 5
Abdul spends all of his income on food (F) and shelter (S). His budget line is given by the equation 5F + 20S = 100. Which of the following consumption bundles is part of his consumption possibilities? A. 8 units of F and 3 units of S B. 14 units of F and 2 units of S C. 20 units of F and 15 units of S D. 0 units of F and 6 units of S
QUESTION 6
Faruq spends all of his income on tacos and milkshakes. His income is $100, the price of tacos is $10, and the price of milkshakes is $2. Put tacos on the horizontal axis and milkshakes on the vertical axis. The slope of Faruq's budget line is equal to: A. 5. B. –1/5. C. –5. D. 1/5. 1 points    QUESTION 7
Chuck spends all of his income on tacos and milkshakes. His income is $100, the price of tacos is $10, and the price of milkshakes is $2. If the price of each good doubles and Chuck's income doubles: A. Chuck's budget line will be unaffected. B. Chuck's budget line will shift in. C. Chuck's budget line will shift out. D. Chuck will be able to buy more of both goods. 1 points    QUESTION 8
The slope of a budget line for a consumer buying two goods is equal to the _____ of the price of the good on the _____ axis divided by the price of the good on the _____ axis. A. positive; vertical; horizontal B. negative; horizontal; vertical C. positive; horizontal; vertical D. negative; vertical; horizontal 1 points    QUESTION 9
Adam has a monthly income of $20 that can be spent on books (B) and pencils (P). The price of a book is $5 and the price of a pencil is $0.50. The equation for Adam's daily budget constraint can be written as: A. 5(B) + 0.50(P) 20 B. 0.50(B) + 20(P) 5 C. 0.50(B) + 5(P) 20 D. 20(B) + 0.50(P) 5 1 points    QUESTION 10
The price of popcorn is $0.50 per box and the price of peanuts is $0.25 per bag. You have $10 to spend. You decide to purchase 8 bags of peanuts. The maximum number of boxes of popcorn that you can purchase is: A. 16. B. 4. C. 10. D. 8.
QUESTION 1
When total utility is at a maximum, marginal utility is: A. zero. B. rising. C. at its average value. D. at a maximum.
QUESTION 2
Freddy has eaten three corn dogs at the county fair, and if he eats another, he will get sick on the roller coaster. Knowing this, and ignoring any impact that price might have on his decision, we can say that at the fourth corn dog the: A. total utility curve is still increasing. B. total utility is less than zero. C. marginal utility is less than zero. D. marginal utility curve is still increasing.
QUESTION 5
Abdul spends all of his income on food (F) and shelter (S). His budget line is given by the equation 5F + 20S = 100. Which of the following consumption bundles is part of his consumption possibilities? A. 8 units of F and 3 units of S B. 14 units of F and 2 units of S C. 20 units of F and 15 units of S D. 0 units of F and 6 units of S
QUESTION 6
Faruq spends all of his income on tacos and milkshakes. His income is $100, the price of tacos is $10, and the price of milkshakes is $2. Put tacos on the horizontal axis and milkshakes on the vertical axis. The slope of Faruq's budget line is equal to: A. 5. B. –1/5. C. –5. D. 1/5. 1 points    QUESTION 7
Chuck spends all of his income on tacos and milkshakes. His income is $100, the price of tacos is $10, and the price of milkshakes is $2. If the price of each good doubles and Chuck's income doubles: A. Chuck's budget line will be unaffected. B. Chuck's budget line will shift in. C. Chuck's budget line will shift out. D. Chuck will be able to buy more of both goods. 1 points    QUESTION 8
The slope of a budget line for a consumer buying two goods is equal to the _____ of the price of the good on the _____ axis divided by the price of the good on the _____ axis. A. positive; vertical; horizontal B. negative; horizontal; vertical C. positive; horizontal; vertical D. negative; vertical; horizontal 1 points    QUESTION 9
Adam has a monthly income of $20 that can be spent on books (B) and pencils (P). The price of a book is $5 and the price of a pencil is $0.50. The equation for Adam's daily budget constraint can be written as: A. 5(B) + 0.50(P) 20 B. 0.50(B) + 20(P) 5 C. 0.50(B) + 5(P) 20 D. 20(B) + 0.50(P) 5 1 points    QUESTION 10
The price of popcorn is $0.50 per box and the price of peanuts is $0.25 per bag. You have $10 to spend. You decide to purchase 8 bags of peanuts. The maximum number of boxes of popcorn that you can purchase is: A. 16. B. 4. C. 10. D. 8.
QUESTION 1
When total utility is at a maximum, marginal utility is: A. zero. B. rising. C. at its average value. D. at a maximum.
QUESTION 2
Freddy has eaten three corn dogs at the county fair, and if he eats another, he will get sick on the roller coaster. Knowing this, and ignoring any impact that price might have on his decision, we can say that at the fourth corn dog the: A. total utility curve is still increasing. B. total utility is less than zero. C. marginal utility is less than zero. D. marginal utility curve is still increasing.
QUESTION 5
Abdul spends all of his income on food (F) and shelter (S). His budget line is given by the equation 5F + 20S = 100. Which of the following consumption bundles is part of his consumption possibilities? A. 8 units of F and 3 units of S B. 14 units of F and 2 units of S C. 20 units of F and 15 units of S D. 0 units of F and 6 units of S
QUESTION 6
Faruq spends all of his income on tacos and milkshakes. His income is $100, the price of tacos is $10, and the price of milkshakes is $2. Put tacos on the horizontal axis and milkshakes on the vertical axis. The slope of Faruq's budget line is equal to: A. 5. B. –1/5. C. –5. D. 1/5. 1 points    QUESTION 7
Chuck spends all of his income on tacos and milkshakes. His income is $100, the price of tacos is $10, and the price of milkshakes is $2. If the price of each good doubles and Chuck's income doubles: A. Chuck's budget line will be unaffected. B. Chuck's budget line will shift in. C. Chuck's budget line will shift out. D. Chuck will be able to buy more of both goods. 1 points    QUESTION 8
The slope of a budget line for a consumer buying two goods is equal to the _____ of the price of the good on the _____ axis divided by the price of the good on the _____ axis. A. positive; vertical; horizontal B. negative; horizontal; vertical C. positive; horizontal; vertical D. negative; vertical; horizontal 1 points    QUESTION 9
Adam has a monthly income of $20 that can be spent on books (B) and pencils (P). The price of a book is $5 and the price of a pencil is $0.50. The equation for Adam's daily budget constraint can be written as: A. 5(B) + 0.50(P) 20 B. 0.50(B) + 20(P) 5 C. 0.50(B) + 5(P) 20 D. 20(B) + 0.50(P) 5 1 points    QUESTION 10
The price of popcorn is $0.50 per box and the price of peanuts is $0.25 per bag. You have $10 to spend. You decide to purchase 8 bags of peanuts. The maximum number of boxes of popcorn that you can purchase is: A. 16. B. 4. C. 10. D. 8.
QUESTION 1
When total utility is at a maximum, marginal utility is: A. zero. B. rising. C. at its average value. D. at a maximum.
QUESTION 2
Freddy has eaten three corn dogs at the county fair, and if he eats another, he will get sick on the roller coaster. Knowing this, and ignoring any impact that price might have on his decision, we can say that at the fourth corn dog the: A. total utility curve is still increasing. B. total utility is less than zero. C. marginal utility is less than zero. D. marginal utility curve is still increasing.
QUESTION 5
Abdul spends all of his income on food (F) and shelter (S). His budget line is given by the equation 5F + 20S = 100. Which of the following consumption bundles is part of his consumption possibilities? A. 8 units of F and 3 units of S B. 14 units of F and 2 units of S C. 20 units of F and 15 units of S D. 0 units of F and 6 units of S
QUESTION 6
Faruq spends all of his income on tacos and milkshakes. His income is $100, the price of tacos is $10, and the price of milkshakes is $2. Put tacos on the horizontal axis and milkshakes on the vertical axis. The slope of Faruq's budget line is equal to: A. 5. B. –1/5. C. –5. D. 1/5. 1 points    QUESTION 7
Chuck spends all of his income on tacos and milkshakes. His income is $100, the price of tacos is $10, and the price of milkshakes is $2. If the price of each good doubles and Chuck's income doubles: A. Chuck's budget line will be unaffected. B. Chuck's budget line will shift in. C. Chuck's budget line will shift out. D. Chuck will be able to buy more of both goods. 1 points    QUESTION 8
The slope of a budget line for a consumer buying two goods is equal to the _____ of the price of the good on the _____ axis divided by the price of the good on the _____ axis. A. positive; vertical; horizontal B. negative; horizontal; vertical C. positive; horizontal; vertical D. negative; vertical; horizontal 1 points    QUESTION 9
Adam has a monthly income of $20 that can be spent on books (B) and pencils (P). The price of a book is $5 and the price of a pencil is $0.50. The equation for Adam's daily budget constraint can be written as: A. 5(B) + 0.50(P) 20 B. 0.50(B) + 20(P) 5 C. 0.50(B) + 5(P) 20 D. 20(B) + 0.50(P) 5 1 points    QUESTION 10
The price of popcorn is $0.50 per box and the price of peanuts is $0.25 per bag. You have $10 to spend. You decide to purchase 8 bags of peanuts. The maximum number of boxes of popcorn that you can purchase is: A. 16. B. 4. C. 10. D. 8.
QUESTION 1
When total utility is at a maximum, marginal utility is: A. zero. B. rising. C. at its average value. D. at a maximum.
QUESTION 2
Freddy has eaten three corn dogs at the county fair, and if he eats another, he will get sick on the roller coaster. Knowing this, and ignoring any impact that price might have on his decision, we can say that at the fourth corn dog the: A. total utility curve is still increasing. B. total utility is less than zero. C. marginal utility is less than zero. D. marginal utility curve is still increasing. QUESTION 2
Freddy has eaten three corn dogs at the county fair, and if he eats another, he will get sick on the roller coaster. Knowing this, and ignoring any impact that price might have on his decision, we can say that at the fourth corn dog the: A. total utility curve is still increasing. B. total utility is less than zero. C. marginal utility is less than zero. D. marginal utility curve is still increasing.
QUESTION 5
Abdul spends all of his income on food (F) and shelter (S). His budget line is given by the equation 5F + 20S = 100. Which of the following consumption bundles is part of his consumption possibilities? A. 8 units of F and 3 units of S B. 14 units of F and 2 units of S C. 20 units of F and 15 units of S D. 0 units of F and 6 units of S
QUESTION 5
Abdul spends all of his income on food (F) and shelter (S). His budget line is given by the equation 5F + 20S = 100. Which of the following consumption bundles is part of his consumption possibilities? A. 8 units of F and 3 units of S B. 14 units of F and 2 units of S C. 20 units of F and 15 units of S D. 0 units of F and 6 units of S
QUESTION 6
Faruq spends all of his income on tacos and milkshakes. His income is $100, the price of tacos is $10, and the price of milkshakes is $2. Put tacos on the horizontal axis and milkshakes on the vertical axis. The slope of Faruq's budget line is equal to: A. 5. B. –1/5. C. –5. D. 1/5. 1 points    QUESTION 7
Chuck spends all of his income on tacos and milkshakes. His income is $100, the price of tacos is $10, and the price of milkshakes is $2. If the price of each good doubles and Chuck's income doubles: A. Chuck's budget line will be unaffected. B. Chuck's budget line will shift in. C. Chuck's budget line will shift out. D. Chuck will be able to buy more of both goods. 1 points    QUESTION 6
Faruq spends all of his income on tacos and milkshakes. His income is $100, the price of tacos is $10, and the price of milkshakes is $2. Put tacos on the horizontal axis and milkshakes on the vertical axis. The slope of Faruq's budget line is equal to: A. 5. B. –1/5. C. –5. D. 1/5. 1 points    QUESTION 7
Chuck spends all of his income on tacos and milkshakes. His income is $100, the price of tacos is $10, and the price of milkshakes is $2. If the price of each good doubles and Chuck's income doubles: A. Chuck's budget line will be unaffected. B. Chuck's budget line will shift in. C. Chuck's budget line will shift out. D. Chuck will be able to buy more of both goods. 1 points    QUESTION 8
The slope of a budget line for a consumer buying two goods is equal to the _____ of the price of the good on the _____ axis divided by the price of the good on the _____ axis. A. positive; vertical; horizontal B. negative; horizontal; vertical C. positive; horizontal; vertical D. negative; vertical; horizontal 1 points    QUESTION 9
Adam has a monthly income of $20 that can be spent on books (B) and pencils (P). The price of a book is $5 and the price of a pencil is $0.50. The equation for Adam's daily budget constraint can be written as: A. 5(B) + 0.50(P) 20 B. 0.50(B) + 20(P) 5 C. 0.50(B) + 5(P) 20 D. 20(B) + 0.50(P) 5 1 points    QUESTION 10
The price of popcorn is $0.50 per box and the price of peanuts is $0.25 per bag. You have $10 to spend. You decide to purchase 8 bags of peanuts. The maximum number of boxes of popcorn that you can purchase is: A. 16. B. 4. C. 10. D. 8. QUESTION 8
The slope of a budget line for a consumer buying two goods is equal to the _____ of the price of the good on the _____ axis divided by the price of the good on the _____ axis. A. positive; vertical; horizontal B. negative; horizontal; vertical C. positive; horizontal; vertical D. negative; vertical; horizontal 1 points    QUESTION 9
Adam has a monthly income of $20 that can be spent on books (B) and pencils (P). The price of a book is $5 and the price of a pencil is $0.50. The equation for Adam's daily budget constraint can be written as: A. 5(B) + 0.50(P) 20 B. 0.50(B) + 20(P) 5 C. 0.50(B) + 5(P) 20 D. 20(B) + 0.50(P) 5 1 points    QUESTION 10
The price of popcorn is $0.50 per box and the price of peanuts is $0.25 per bag. You have $10 to spend. You decide to purchase 8 bags of peanuts. The maximum number of boxes of popcorn that you can purchase is: A. 16. B. 4. C. 10. D. 8.

Explanation / Answer

1.A) the total utility reaches its maximum peak point, when the marginal utility is zero.
2.C) Marginal utility is less than zero, because haing fourth corn he is getting negative utility.
5.A) 5(8) + 20(3)= 100
6.C) -10/2 = -5
7.A) Chuck budget line will be unaffected because income and price of goods changes with same proportion
8.B) slope of budget line = - horizontal axis/ vertical axis
9.A) 5(B) + 0.5(P) <= 20
10.A) 0.5(PC) + 0.25(PN) =10
0.5(PC) + 0.25(8) = 10
0.5(PC) = 8
PC = 8/0.5
= 16

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.