If John's Marginal Utility Derived from the Consumption of Another

question 219

Multiple Choice

If John's marginal utility derived from the consumption of another candy bar is 1 and the price of the candy bar is $1.50, then

• A)this is the last candy bar John will purchase since the marginal utility is less than the price.
• B)the opportunity cost of the candy bar is less than $1.50.
• C)if John purchases and consumes the candy bar his total satisfaction will go down because the marginal utility is less than the price.
• D)there is not enough information to determine if John will or will not purchase the candy bar.

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Definitions:

Lamellated Corpuscle

A nerve ending in the skin responsible for sensitivity to vibration and pressure.

Dermal Papilla

Small, nipple-like extensions of the dermis into the epidermis that supply blood and nourishment to the epidermal layer.

Hypodermis

The deepest layer of the skin, containing fat and connective tissue, providing insulation and cushioning to the body.

Reticular Layer

The deep layer of the two in the dermis of the skin, which supports the skin's structure.