If the Marginal Utility Ida Mae Receives from Eating Chicken

question 218

Multiple Choice

If the marginal utility Ida Mae receives from eating chicken wings is negative then

• A)her total utility from eating chicken wings has fallen.
• B)her total utility from eating chicken wings is negative as well.
• C)Ida Mae definitely does not like chicken wings.
• D)her total utility has risen, but by less from the last chicken wing than from the next to last chicken wing.

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Definitions:

Production Possibilities

A graphical representation of the alternative combinations of goods and services an economy can produce when all its resources are fully and efficiently utilized.

Specialize

To concentrate on and become expert in a particular subject or skill.

Trade

The exchange of goods, services, or both between two or more parties, either within a country or internationally.

Production Possibilities Curve

A graph that shows the various combinations of outputs that a society can produce if all its resources are being used efficiently.