Question: Suppose your marginal utility from consuming the 3 rd slice of cake is zero, then your total utility from consuming cake is Part 2 A

Suppose your marginal utility from consuming the 3rd slice of cake is zero, then your total utility from consuming cake is
Part 2
A.
maximized.
B.
negative.
C.
decreasing.
D.
increasing.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

li'l' | I I l I l The followmg table shows William's utility from consuming slices of cake and cans of Sprite. Slices of Total Utility Marginal Utility Cans of Total Utility Marginal Utility Cake...

Q:

:Answer all Correctly . Exercise 20-15 Larkspur Company provides the following selected information related to its defined benefit pension plan for 2020. Pension asset/liability (January 1) $26,800...

Q:

QUESTION 1 No matter what the price of orangejuice is ,Jill spends $20 a week on orangejuice. We can conclude that the absolute value of the price elasticity of demand for orange juice forJill is O...

Q:

Consumer Choice and Behavioral Economics J.C. Penney Customers Didn't Buy into \"Everyday Low Prices\" In 2010, the J.C. Penney department store chain had nearly 600 \"sales,\" and it sold almost...

Q:

QUESTION 1 Consider two goods, squash racquets and gym passes. If the price of gym passes increases and, as a consequence, the demand curve for racquets shifts to the left, then A. squash racquetsand...

Q:

Please answer all the required questions in detail I hope the answer is not copy-paste I hope that the answer will be according to the concepts in the chapter 3 The following article summarizes the...

Q:

1 Assuming that Pepsi-Cola and Coca-Cola are substitutes, a decrease in the price of Pepsi-Cola and an increase in government regulations will cause what to happen to price and quantity in the...

Q:

choose the correct answer Z) Question 1 2.5 pts in consumer choice theory, when economists refer to the happiness, satisfaction, or pleasure derived from a purchase, they use the term...

Q:

Question 1 Total utility derived from consuming one good declines when Group of answer choices there is an opportunity cost associated with consuming more of the good. the consumer receives a...

Q:

Please read chapter 4 the answer the question 10: It may seem puzzling that a negative externality may induce a strategic complementarity. But ments over the Nash equilibrium. It is not surprising...

Q:

An unconfined aquifer has a hydraulic conductivity of 1.7 x 10- cm/sec. There are two observation wells 328 feet apart. Both penetrate the aquifer to the bottom. In one observation well the water...

Q:

Dell Computer Corporation has significant investment activities. The following items are from Dells 2010 financial statements (amounts are in millions): Short-term investments $ 373 Long-term...

Q:

a partnership debt guaranteed by a partner gives the partner at - risk

Q:

The stimulus checks over the last couple years was an attempt to get the economy back to its original equilibrium- True or false