What ismarginal utility?

Select one:

A.It is thetotal satisfaction resulting from consuming all products.

B.It is theadditional satisfactionresulting fromconsuming one more unit ofallproducts.

C.It is theadditional satisfactionresulting fromconsuming one more unit ofa product.

D.It is thetotal satisfaction resulting from consuming a product.

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When is marginal utility equal to zero?

Select one:

A.When MU is at its minimum.

B.When TU is zero.

C.When MU is at its maximum.

D.When TU is at its maximum.

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What is thelaw of diminishing marginal utility?

Select one:

A.While total utility rises with the consumption of additional units,marginal utility is always constant.

B.Marginal utility increasesquickly at first, but more slowly later.

C.Total utility declines at first, but after some point starts toincrease.

D.The amount ofadditional utility decreasesas successive units of a product is consumed.

If total utility is falling, what is also true?

Select one:

A.Marginal utility must be rising.

B.Marginal utility must be negative.

C.Marginal utility must also be falling.

D.Marginal utility must be greater than total utility.

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Which of the following is correct in reference to the law of diminishing marginal utility?

Select one:

A.Marginal utility increases at first, but after some point starts to decline.

B.Total utility declines at first, but after some point starts to increase.

C.The amount of additional utility decreases as successive units of a product are consumed.

D.Marginal utility increases as more of a product is consumed.

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Table 5.14
Quantity	TU	MU
1	100	___
2	___	90
3	270	___
4	___	70
5	400	___
6	___	50

Refer to Table 5.14 to answer this question. What are the missing numbers in the total utility column?

Select one:

A.190, 340, and 450.

B.135, 305, and 435.

C.90, 340, and 450.

D.Cannot be determined with the information given.

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The following table shows Ketta's total utility for coffee and croissants.

Table 5.16
Quantity	Coffee Total Utility	Croissants Total Utility
1	10	11
2	18	20
3	24	27
4	28	32
5	30	35

Refer to Table 5.16 to answer this question. If Ketta has a budget of $15 and the price of both coffees and croissants are EACH $3, what will be her optimal purchase?

Select one:

A.1 coffee and 4 croissants.

B.5 croissants.

C.2 coffees and 3 croissants.

D.3 coffees and 2 croissants.

E.4 coffees and 1 croissant.

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The following table shows Ketta's total utility for coffee and croissants.

Table 5.16
Quantity	Coffee Total Utility	Croissants Total Utility
1	10	11
2	18	20
3	24	27
4	28	32
5	30	35

Refer to Table 5.16 to answer this question. If Ketta has a budget of $15 and the price ofa croissant is $3, but theprice of coffee is $2, what will be her optimal purchase?

Select one:

A.3 coffees and 2 croissants

B.5 croissants.

C.4 coffees and 3 croissants.

D.6 coffees and 1 croissant.

E.3 coffees and 3 croissants