Don Receives 100 Utils from Consuming Two Oranges

question 2

Multiple Choice

Don receives 100 utils from consuming two oranges. The utility he derives from consuming the second orange equals 30 utils. The information provided

• A)is consistent with the law of diminishing marginal utility.
• B)is inconsistent with the law of diminishing marginal utility.
• C)is sufficient to determine the quantity of oranges Don will consume.
• D)lends support to the inferiority of oranges as consumer goods.

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Definitions:

Summary

A concise restatement of the main points or the essence of a longer piece of writing or speech.

Integrate

To combine two or more elements into a whole, or to become combined in this way.

Quotation

A formal statement of promise, typically in writing, offering to supply goods or services at a specified price.

APA Style

A set of rules and guidelines used for formatting academic documents and citing sources within the social sciences, prescribed by the American Psychological Association.