Question: Please help match these answers please https://www.youtube.com/watch?v=u-PbkgFb2TE Question 21 (3 points) From the list on your right select the letter that contains the word, phrase,

Please help match these answers please https://www.youtube.com/watch?v=u-PbkgFb2TE

Please help match these answers please https://www.youtube.com/watch?v=u-PbkgFb2TE Question 21 (3 points) Fromthe list on your right select the letter that contains the word,phrase, name, etc that best matches the word, phrase, name, etc listed

Question 21 (3 points) From the list on your right select the letter that contains the word, phrase, name, etc that best matches the word, phrase, name, etc listed on the left ( o J Making choices for both the present and the future (across time) | \\FI the additional utility from the 2nd glice of pizza > the additional utility from the 3" slice of pizza ... The Law of Diminishing Marginal Utility Utility A customer chose to have a scoop of ice cream instead of a 3" cup of French fries. A budget constraint All the possible combinations of goods and services that Ms. Addis' family can buy with her after tax annual income of $64,000. Change in Total Utility and is always positive Change in Quantity e The total utility gained from consuming a good or service starts to decline (diminish) immediately after the 15t unit. A consumer can increase her utility by reallocating some of her income from good 2 to good 1. An increase in income Backward-bending segment of the labor supply curve The budget constraint line shifts to the left. Marginal Utility (MU) Equimarginal principle 9. 10. 11. 12, 13. 14. MY = 2N . BUS rereP PREE A consumer who spends all his income on these two goods can increase utility by buying more of good 2 and less of good 1. An increase in the price of one or both goods while income is constant. An increase in the wage rate decreases hours of work Intertemporal budget constraint An example of diminishing marginal utility

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