-Given the Above Figure, When Joey Eats a Third Piece

question 369

Multiple Choice

-Given the above figure, when Joey eats a third piece of pizza his marginal utility is ________ and his total utility is ________.

• A) falling; falling
• B) falling; rising
• C) rising; falling
• D) rising; rising

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Definitions:

New York Federal Reserve

One of the 12 Federal Reserve Banks of the United States, it plays a key role in monetary policy, financial supervision, and the payment system.

Interest On Reserves

The rate paid by central banks to financial institutions on the excess reserves they hold at the central bank.

Money Supply

The complete financial assets volume in an economy at a designated point in time.

Money Supply

The total amount of money available in an economy at a specific time, including cash and bank deposits.