1)Myriam total utility after eating 10 ice cream cones was greater than her total utility after eating 12 ice cream cones. So, Myriam's marginal utility from the 12th Ice cream cone was

Select one:

a.Positive, but less than one

b.Zero

c.Negative

d.Positive, but less than his marginal utility for the 10th ice cream cone

2)The firm where managerial decision making Is simple is

Select one:

a.Only a proprietorship

b.A partnership and a corporation

c.A proprietorship and a partnership

d.Only a partnership

3)Suppose the household consumption of a good Increased from 8 units to 9 units and as a result its total utility increased from 210 to 250, then the marginal utility is

Select one:

a.40

b.25

c.4

d.550

4)if the Demand curve for chemotherapy Is vertical for people with cancer, then the demand is

Select one:

a.Unit elastic

b.Perfectly elastic

c.Inelastic

d.Perfectly inelastic

5)Waleed's total utility from consuming 6, 7, and 8 biscuits is 38, 44, and 47, respectively, His marginal utility from the 7th biscuit is

Select one:

a.6.28

b.3

c.6

d.44

6)If the income elasticity of demand for pizza is negative, then

Select one :

a.Pizza is an inferior good

b.Pizza is a substitute good

c.Pizza is a complementary good

d.Pizza is a normal good