{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Econ 202 Quiz 5 Ch.21 - Review ouiz5_oh21[— MQ.W€@DW...

Info icon This preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Review: ouiz5_oh21 [— [email protected]€@@DW TextProblemE‘l—S @thnS-ourli 11.33 of 1 pt mean": 3.3% (133 of 1:: pts} El Fillinthemissingoellshthetable. Number of Total Utility of Marginal Utility of Bags of Total Utility of Marginal Utility of Cheeseburger: Cheeseburger: Cheeseburger: French Fries French Fries French Fries Roll your mouse over the red indicators to see inoorreet answers. [email protected]@@[email protected]@DDD TextProblom21-2 @thnS-onrli 1 of 1 pt hats-nun: 33.3% (3.33 of 1:: lots} 3 Dayiibuyspiaafi'omtheoampuspmria.Hooahulatesbistotalmilityfi'ompiezaasfolbws: Slices of Pius Total Utilty II] II] 12 1’! El] 22 Aflofttflfolhwhgstatemomsregardthayflsmflflyfiompiaaareuueexcept as“. Daviierperiemes bureashigmarginalmilityshmehistotalmilityisfishag. (3:- B- Davii expel-isms diminishing marginal utility. ("E-C. To imrease his marginal utility from a slice ofpirzza, David ntmst oonslmtie less. '1 David's total utility is bureasing at a decreasing rate. Question is oomplete. 21.1 Exercise 1 «[email protected]@“@§d€§d"’bw @qmunmm: n of 1 pt mama: 3.3% {133 of 1:: pts} [3 TheoampusbookstoresellseCDfor$12.Whenwubuyeseoomifl1),however,itsprioeisonly $3.Hovvdoesthisrelsteton:|.E|rgi1:|.Etlutilit‘_|,r‘iI {fift- Msrginnlmflflyisttesddhkmslsatisfsotkmfi'omeddflhnsllmflsofttegood [all 3- ImresseshtamlmflflyfiomtteomslmptbnofCDsbeoomhrgerttemeisomsmd {3-C- 'I'teoostofCDsbeoomeoheeperssmesreoonsmd. {II-'3- Asmisflonsmthfimsinfllmflflrimmfl Question is oomplete. «museums» @qmmn Snare: 1 of 1 pt Total utility: fl:- r‘L falls as 1mg as marginal utility is mgative. {:jz-B- rises as longss marginnlmilityis positive. (3-C- is at a mathnn when marginal utility is zero. .-_.'..__VD- allofthe above. 21.2 Exemisei mtg-aura: was {133 of 1:: pts} E1 Question is oomplete. [email protected]”@6.€Wbm 2mm.“ @thnS-mrl:1 of 1 pt manure: 13.3% [1.33 of 1:: pts} E Inconsmnertheoryflnilityis: {3-h— theworthofagoodas ateamrtIember hoombhathnwithmher goods. .-;.__VB- the want—satisfiring power ofa goodor service. {:jz-C- the usefilhess ofa goodor service hperform'mg several d'fl'erent fimotbns. {:jz-D- the relation a good or service has to gas, electric. and water servioes. Question is oomplete. ® <K1<[email protected]@@Dm> 21mm“ @omhnmm n of 1 pt menu-u: 13.3% [1.33 of 1:: pts} [3 Whatisthesubstflmbnefieotofaprbeohangemttflqmmflvdemamiedofagoodmservioe? 13-h. Aprheohangeleadstotheoonsmrhmreashagoonsmthndmmthehwofdhthishhgmarginalrenm. {#3- Aprioeohangehflmespeopletosuhstituteamnggoods. .15! C- Aprheohange afl'eotsthepurohashgpower ofanimiividuals available income. -:"':-D- The sarneasthewater—diammiparatim. Question is complete. [email protected]@DDI> TextPrublem2‘1-6 @thhnSmrl: 0.5 of 1 pt manure: new: [133 of 1:: pts} [3 Suppose thatynuebservethattotalmflityfisesasmeefanilemisconsmd. Yaucansayfor smethetmmginalmililyis pmifive Marginalmflityisalso utherhfingfniflng‘. Roll your mouse over the red indicators to see incorrect answers. [email protected][email protected] 21.1mm“ @qwhnsmmm of 1 pt manure: 13.3% [1.33 of 1:: pts} [3 Wtisthedflferencebetweentmalmflityamimmginalmflilfl [:j-fl. Mmginalmflflyissuhjectmthehwofdhnhishhgmarginflmflhywhfleflmlmflflyism CEB- Tmflmflflyremesethcmsmopthnmwhihmynflmflhygiwsthemmflhypermflmspentonthelast unil. “VC-Tatalmilityisthemmflsathfactbndefivedfiomcmsmhgaeermhemmefagoodwhflemginfl mflflyisttfladiflbmlsatisfacthngahndfiomemsmhganaddhhnflmflefthegood fall hmynflmflflyremewmthecmsmopthmmwhihmmlmflhygiwstheMmflypermflar spemonthelast unil. Question is complete. dddG§G§3(-‘[email protected] momma @thlnnfimrl: 1 of 1 pt mourn: 13.3% {1.33 of 1:: pts} [3 Most economists {yo- applytheassmtionthatpeoplebehawasfl'theytheyaot ratkmaflywithanahntomafimizflmflity. ' - applytheassmthnthatpeoplerarelybehaveasfl'ttfiyttflyaotmtkmaflyahhoughttfiydoahntommmflity. relyonseemhaglyhathnalbehavhrmrejeottheassmtbnofmtkmalhy. ' —Noneaftheabme. Question is oomplete. mqfiWWfifiC/‘W TextProblemQ‘I—‘I @thnfimm: 1 of 1 pt hats-nun: 13.3% (1.33 of 1:: pts} E1 Theoampuspi‘zzflria seflsalargepi'aafor $14.Whenyouhu)ra seoomilargepifla,h:rwever,i15prbeisonly$lfl.flowdoes thisrelatetomarginalmflily‘? flo- Asmehcmsmmemarginalmflityhnreases moonsmrsarewiflhgtopmchasemeathighetpfioes. EYE- Shoemynflmflflyfiflsuadiflbnflmflsoftbgoodmomsmiomsmmmmhwflhgmpmmme astheprioefafls. QC- Theoost ofahrgep‘wabeoomes oheaperasmeareoonsmd. -:;.D_ Increaseshmmflflyfimtmmsmtmdhgepmmhgerumehmmdwmmwfl paymre. Question is oomplete. ...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern