Question

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Question 6 0.8 pts In many competitive eating contests, participants must keep their food "down" in order to have a chance to win. If competitors are unable to meet this qualification, it is probable that marginal utility is Oslowing O negative. O decreasing. zero O positive Question 7 0.8 pts The additional satisfaction derived from consuming one more unit of a good or service is called the real-income effect. diminishing marginal utility marginal utility the consumer optimum. the substitution effect. Question8 0.8 pts When marginal utility is positive, total utility equals zero. O decreases stays the same. can increase or decrease. O increases

Answer 1

Q 6

To win, participate must keep their food down rightarrow i.e they should be able to cat without vomiting If they are unable to do so, then their marginal utility is negative i.e more eating can harm their health Negative is correct option The additional satisfaction derived from consuming one more unit of a good or service is called marginal utility Marginal utility is positive when total utility is increasing Yes, considering marginal utility a natural process experienced by humans. Yes, human have an instinct, as self interested, rational beings, to seek the most satisfaction. This is because human being is rational he always tries to maximise his/ her total utility, so he consumes an additional units of any goods if marginal utility is positive. Hence option one is correct answer and option five is Yes, human have an instinct, as self interested, rational beings, to seek the most satisfaction. perfect substitutes: perfect complements Because indifference curve shows the combination of two goods that

Q 7

The additional satisfaction derived from consuming one more unit of a good or service is called marginal utility

Q 8

Marginal utility is positive when total utility is increasing

Q 9

Yes, considering marginal utility a natural process experienced by humans.

Yes, human have an instinct, as self interested, rational beings, to seek the most satisfaction. This is because human being is rational he always tries to maximise his/ her total utility, so he consumes an additional units of any goods if marginal utility is positive.

Hence option one is correct answer and option five is Yes, human have an instinct, as self interested, rational beings, to seek the most satisfaction.

Q 10

perfect substitutes ; perfect complements

Because indifference curve shows the combination of two goods that Consumer buy . So complementary goods are taken by each other proportionally so, indifference curve is right angle for complementary goods and straight lines for substitutes goods because consumer can substitute one good for another good.