Your Marginal Utility of a Third Waffle Is 10 and Your

question 140

Multiple Choice

Your marginal utility of a third waffle is 10 and your marginal utility of a second piece of ham is 30.If you eat the third waffle, which of the following must be true?

• A)You are irrational.
• B)You prefer waffles.
• C)The price of a waffle is less than one third the price of a piece of ham.
• D)The price of a waffle is more than the price of a piece of ham.
• E)The price of a waffle is three times the price of a piece of ham.

---

Definitions:

Authentic Lives

Leading a life that is true to one's personal values, beliefs, and desires, rather than conforming to external expectations or pressures.

Existential Angst

A deep-seated condition of human existence characterized by feelings of disorientation, confusion, or dread in the face of an apparently meaningless or absurd world.

Meaningless Existence

A perception or state in which life appears to lack purpose or inherent value.

Nervousness

A state of restlessness and agitation often accompanied by physical symptoms, typically due to anxiety or tension.