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The marginal value that a consumer places on the last unit can be read off of the A. demand curve. supply curve. contract curve. production...

The marginal value that a consumer places on the last unit can be read off of the

A. demand curve.

B. supply curve.

C. contract curve.

D. production possibility curve.




If the marginal value of a third soda is $1.50 to Jackie, then

A. Jackie would be willing to pay no more than $4.50 for three sodas.

B. Jackie places a total value of less than $4.50 on three sodas.

C. Jackie would pay no more than $1.50 for an additional soda when she has already consumed 2 sodas.

D. Jackie would pay no more than $1.50 for any soda.




The marginal value that a consumer places on the last unit can be read off of the

A. demand curve

. B. supply curve.

C. contract curve.

D. production possibility curve.

Top Answer

1. Option A (details regarding the units related to consumer, their value as well as marginal value can be derived from... View the full answer

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Other Answers

1) a) The marginal value that a consumer places on the last unit can be read off of the demand curve. The value that is place... View the full answer

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