Note: Data missing for question 6.
Due to presence of HOMEWORKLIB POLICY, I am answering 3 questions.
7. B.
Explanation: Money can not reduce the negative emotional impact of divorce which proves that money cannot buy happiness.
9. C
Explanation: Marginal utility from 3rd unit = Total utility - MU(1) - MU(2) = 38 - 18 - 12 = 8.
10. B
Explanation: Marginal utility is the change in utility occured from consuming one more unit of a good.
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6. Refer to the above data. The value for Y is: DA. 25. B. 30. C....
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