unit 9 Microsoft Word 文档.doc

SELF-STUDY QUIZ This activity contains 25 questions. 窗体顶端 When total utility is maximized, which of the following is true concerning marginal utility? ? ? Marginal utility is minimized. ? Marginal utility equals zero. ? Marginal utility is equal to total utility. ? Marginal utility is also maximized. Which of the following statements concerning total utility and marginal utility is correct? ? ? Marginal utility is the sum of total utility. ? Marginal utility is usually larger than total utility. ? Total utility is the sum of marginal utilities. ? Marginal utility is maximized when total utility is zero. Refer to the table below. Total utility derived from consuming three ice cream cones equals: ? ? 22. ? 24. ? 6. ? 34. Refer to the figure below. Marginal utility is: ? ? Greater at points w and x than at points u and v. ? Greatest at point y. ? Greater at points u and v than at points w and x. ? The same at points u and v than at points w and x. What is a budget constraint? ? ? A limited amount of income available to consumers to spend on goods and services. ? The amount of money necessary to purchase a given combination of goods. ? The amount of income that must be spent on goods and services in order to maximize utility from consumption. ? An amount of income that yields equal marginal utility per dollar spent. Refer to the formula below. In this case, the marginal utility per dollar spent on good X is less than the marginal utility per dollar spent on good Y. According to the rule of equal marginal utility per dollar spent, what can a consumer do in order to increase total utility from consumption of goods X and Y? ? ? Increase the consumption of good X. ? Increase the consumption of both goods. ? Increase the consumption of good Y. ? Decrease the consumption of both goods. Suppose you have a fixed budget for two goods, X and Y. The price of