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unch.jsp?course,assessment_id 1008061 1&course jid _261361 1&content jd--14081 phrase, name, otc that best matchos the word, phrasn, name, otc listed on the loft A A consumer who spends all his income on these two UBlity Marginal Utility (MU) goods can increase utility by buying more of good 2 and less of good 1 B. An increase in income .Anincrease in the wage rate decreases hours of work D. An example of dirminishing marginal utility E. MU The Law of Diminishing Marginal Utility : A budget constraint Equimarginal principle 1 MU2MUwhere P Price E = ChangemTotal Utility and can be positive, zero, or negative Change in Quantity The budget constraint line shifts to the left. Backward-bending segment of the labor supply curve Q Intertemporal budget constraint Marong dhtproent and the fuHllthe possible combinations of goods and services that across time) Ms. Addis' family can buy with her after tax annual income A austomer chose to have a sooop of ioe cream instoad of of $64,000 of a ard oup of French fries. An increase in the price of one or both goods while income is constant. J. A consumer can increase her utility by reallocating some of her income from good 2 to good 1 K. ChangelnTotalulry and is alway positive Change in Quantity The additional utility from the 1st slice of pizza> the additional utility from the 2nd slice of pizza > the additional utility from the 3'd slice of pizza. M. A subjective measure of the level of satisfaction one derives from consuming a good or service N. The total utility gained from consuming a good or service starts to decline (diminish) immediately after the 1st unit Click Save and Submit to save and submit.Click Save All Ansivers to save all answers Save All Answers

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2- F

3- N

4- H

5- E

6- D

7- I

8- C

9- M

10- A

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