Canwas D Question 17 andwi 1 pts If price of a sandwich is $1, the price of a so

Question

Canwas D Question 17 andwi 1 pts If price of a sandwich is $1, the price of a soda is $1, and income is $7,Christina should buy..sandwlches and.... soasts o 4:3 0 4:1 O 3,4 D Question 18 1pts Which of the following is NOT likely to occur as the result of the law of diminishing marginal utity? David enjoyed his second bottle of iced water less than his first botle O Mike's utility from her first slice of cake is greater than Rachel's utility from ber second slice of cake O Peter's utity from his second apple was seven and his uthily froms his thied apple was ? Sabrina enjoyed his fourth slice of cake more than her third.

Explanation / Answer

Ans 14)

We need to maximise the utility given in table by adding all marginal utilities

If he consmues 4 sandwitches then the total utility he derived is 10+8+6+3=27 and he spends $4 Now he will spend remaining $3 on Sodas therefore he will derive utility of 5+4+3=12

Total Utility =39

Option 1 is correct answer

Ans 18)

Option 4 is odd man out when diminshing property of marginal utility is considered

As no one can have higher utility from n+1 th good than n th good

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