AGEC 105 Ishdorj Quiz 2 Spring 2010Name: __________________________________ Choose the single best answer for each question. Each question is worth 2.5 points. 1. As Reba consumes four slices of pizza, her total utility rises from 0 to 18, to 24, to 28, and to 30, respectively. What is her marginal utility of the fourth slice of pizza? a.28 b.24 c.2 d.7 2. Consider the graph on the right. The clockwise rotation of this diagram may be explained as: a.the price of Pepsi rose b.the price of Coca Cola rose c.total income for the consumer fell d.the price of Pepsi fell 3. Assume the budget for this consumer is $96. At point C, fill in the entries in the table below: 4. The shift in the demand curve in the graph to the right is called: a.a change in quantity demanded Pb.a change in demand Tacoc.a change in utility d.a change in price of taco QTaco Quantity of Iced TeaQuantity of HamburgersPrice of Iced TeaPrice of Hamburgers7 10 8 QPepsi QCocaCola→C 24 12 16 32 Hamburgers Iced Tea
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