COD 2 Summer 2 2018- Requires Respondus LockDown Browser ul 24 at 4:34pm Instruc

Question

COD 2 Summer 2 2018- Requires Respondus LockDown Browser ul 24 at 4:34pm Instructions 2 pt Question 9 A consumer buys only food and clothing. If the quantity of food bought increases while that of clothing remains the same, the marginal utility of food will: O rise relative to the mrginal utility of clothing fall, but not as fast as the marginal utility ofclothing falls. O rise, but not as fast as the marginal utility of clothing rises fall relative to the marginal utility of clodang Previous Quiz saved at 4:40pm Sub

Explanation / Answer

ANSWER:

The correct answer is d because as the quantity of food increases the utility derived from eating 1 unit more of food will decrease while the utility of clothes will remain the same and therefore the food utility will fall relative to that of clothing.

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

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