Use the Following to Answer Questions: Figure: Coffee and Comic

question 128

Multiple Choice

Use the following to answer questions: Figure: Coffee and Comic Books
-(Figure: Coffee and Comic Books) Refer to the figure. The price of comic books is $0.50. Using the diagram, the marginal utility per dollar for the third comic book is:

• A)11.
• B) 5.5.
• C)22.
• D) 11.5.

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Definitions:

Threat

An expression of an intention to inflict pain, injury, damage, or other hostile action on someone in retribution for something done or not done.

Fraud

A wrongful or criminal deception intended to result in financial or personal gain.

Misrepresentation

The action or offense of giving a false or misleading statement about a material fact, often with the intent to deceive.

Fraudulent Misrepresentation

A false statement made to induce another party to enter into a contract, resulting in harm or loss.