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A. Marginal utility is minimized.
B. Marginal utility is also maximized.
C. Marginal utility equals zero.
D. Marginal utility is equal to total utility.
2. Which of the following statements concerning total utility and marginal utility is correct? 资料个人收集整理,勿做商业用途
A. Total utility is the sum of marginal utilities.
B. Marginal utility is the sum of total utility.
C. Marginal utility is maximized when total utility is zero. 资料个人收集整理,勿做商业用途
D. Marginal utility is usually larger than total utility. 资料个人收集整理,勿做商业用途
3. Refer to the table below. Total utility derived from consuming three ice cream cones equals: 资料个人收集整理,勿做商业用途
3 4A. 34.
3 4
B. 24.
C. 22.
D. 6.
4. Refer to the figure below. Marginal utility is:
A. Greater at points u and v than at points w and x. 资料个人收集整理,勿做商业用途
B. Greater at points w and x than at points u and v. 资料个人收集整理,勿做商业用途
C. Greatest at point y.
D. The same at points u and v than at points w and x. 资料个人收集整理,勿做商业用途
5. What is a budget constraint?
A. A limited amount of income available to consumers to spend on goods and services. 资料个人收集整理,勿做商业用途
B. The amount of money necessary to purchase a given combination of goods. 资料个人收集整理,勿做商业用途
C. An amount of income that yields equal marginal utility per dollar spent. 资料个人收集整理,勿做商业用途
D. The amount of income that must be spent on goods and services in order to maximize utility from consumption. 资料个人收集整理,勿做商业用途
6. 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? 资料个人收集整理,勿做商业用途
A. Increase the consumption of good X.
B. Increase the consumption of good Y.
C. Decrease the consumption of both goods.
D. Increase
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