Mark's Marginal Utility of a Third Waffle Is 10 Units,and

question 66

Multiple Choice

Mark's marginal utility of a third waffle is 10 units,and his marginal utility of a second slice of ham is 30 units.If Mark eats the third waffle,which of the following statements is true?

• A)The price of a waffle is five times more than the price of a slice of ham.
• B)The price of a waffle is less than one-fourth the price of a slice of ham.
• C)The price of a waffle is less than one-third the price of a slice of ham.
• D)The price of a waffle is four times more than the price of a slice of ham.
• E)The price of a waffle is three times more than the price of a slice of ham.

---

Definitions:

Defense

Measures, strategies, or mechanisms employed to protect against attack, harm, or damage in military, sports, or legal contexts.

Laboratory coat

A protective garment worn to prevent contamination of clothing and skin from hazardous substances in a lab setting.

Eye goggles

Protective eyewear that encloses the area surrounding the eye in order to prevent particulates, water, or chemicals from striking the eyes.

Antiseptic

A cleaning product used on human tissue as an anti-infection agent.