Suppose Your Marginal Utility from Consuming the 3rd Slice of Cake

question 142

Multiple Choice

Suppose your marginal utility from consuming the 3rd slice of cake is zero, then your total utility from consuming cake is

• A)maximized.
• B)decreasing.
• C)negative.
• D)increasing.

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Definitions:

Poisson Distribution

A statistical distribution that predicts the probability of a given number of events occurring in a fixed interval of time or space.

Probability

A measure expressing the likelihood of a specific event occurring, typically ranging from 0 (impossible) to 1 (certain).

Calls

Telecommunication interactions involving the exchange of voice messages over distances.

Success Rate

The proportion or percentage of attempts that result in success, often used to measure the effectiveness of a procedure or activity.