1)Suppose that marginal utility equals 10 and the price of soda equals 2, then the marginal utility per dollar for soda equals

Select one:

a.10

b.15

c.20

d.5

2)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

3)The theory of diminishing marginal utility says

Select one:

a.As the quantity consumed of a good Increase, the marginal utility from consuming It decreases

b.As the quantity consumed of a good Increase, the marginal utility from consuming it increases

c.As the quantity produced of a good Increase, the marginal utility from producing it decreases

d.As the quantity produced of a good increase, the marginal utility from producing it increases

4)Suppose that Helene has a budget of $20, the price of biscuit Is $2, and the price of Chocolate Is $4. Helene can buy a maximum____ biscuits or a maximum of _______ candies.

Select one:

a.3; 3

b.8; 2

c.2; 4

d.10; 5