t yet an Utility refers to the Select one: O a. satisfaction that a consumer derives from a good or service. O b. rate of decline in a product demand curve. O c. relative scarcity of a product. O d. usefulness of a product.uestion to yet answered Marked out of 2 P Flag question Units Consumed Total Utility Marginal utility 20 N 35 W A Refer to the data. The value for Y is Select one: O a. 25. O b. 30. O c. 40. Cr O d. 45.Not yet answered Marked out of 2 P Flag question If the price of a good increases, the substitution effect will Select one: O a. always tend to make the quantity decrease, while the income effect could go either way. O b. always tend to make the quantity increase, while the income effect could go either way. O c. go either way, but the income effect will always make the quantity increase. O d. go either way, but the income effect will always make the quantity decrease.uestion 49 yet answered Marked out of 2 P Flag question A consumer's demand curve for a product is downsloping because Select one: O a. total utility falls below marginal utility as more of a product is consumed. O b. marginal utility diminishes as more of a product is consumed. O c. time becomes less valuable as more of a product is consumed. O d. the income and substitution effects precisely offset each other.lestion 47 yet answered Marked out of 2 P Flag question Sharon purchases two products with a given fixed budget, orange juice and soda. Her marginal utility from orange juice is 60, and her marginal utility from soda is 30. The price of a bottle of orange juice is $2.00, and the price of soda is $1.00. These data suggest that Select one: O a. Sharon is maximizing her utility from the given fixed budget. O b. Sharon should buy more orange juice and less soda. O c. Sharon should buy more soda and less orange juice. O d. Sharon should buy less orange juice and soda.Number Consumed Total Utility 0 N 5 W 18 D 24 un 30 35 32 Marginal utility becomes negative with the consumption of the Select one: O a. Negative marginal utility is not shown in the table; marginal utility remains positive throughout O b. fifth candy bar. O c. sixth candy bar. O d. seventh candy bar.uestion t yet answered Marked out of 2 P Flag question Where total utility is at a maximum, marginal utility is Select one: O a. negative. O b. positive and increasing. O c. zero. O d. positive but decreasing.uestion 42 it yet answered Marked out of 2 P Flag question Units Consumed Total Utility Marginal Utility 20 N 35 1X W Y 10 40 IN A Refer to the data. The value for X is Select one: O a. 15. Ob. 5 . O c. 55. O d. 10.X U O DE et answered Marked out of 2 P Flag question The table shows the marginal-utility schedules for goods A and B for a hypothetical consumer. The price of good A is $1, and the price of good B is $2. The income of the consumer is $8. Good A Good B HUB Quantity MUA Quantity 16 10 14 9 N N 12 W W D 6 on UT D If the consumer spends the given budget and gets maximum utility out of it, then she is receiving how much satisfaction from each dollar spent on the final unit of good A consumed?uestion 41 yet answered Marked out of 2 P Flag question We would expect the cross elasticity of demand between Pepsi and Coke to be Select one: O a. positive, indicating normal goods. O b. positive, indicating inferior goods. O c. positive, indicating substitute goods. O d. negative, indicating substitute goods.X 2 w N 14 w D 12 10 o O If the consumer spends the given budget and gets maximum utility out of it, then she is receiving how much satisfaction from each dollar spent on the final unit of good A consumed? Select one: O a. 14 utils per dollar O b. 7 utils per dollar O c. 8 utils per dollar O d. 4 utils per dollar Finish atte