If Joey Kobayashi Experiences Diminishing Marginal Utility from Eating Hot

question 143

Multiple Choice

If Joey Kobayashi experiences diminishing marginal utility from eating hot dogs then

• A)his total utility from eating hot dogs is negative.
• B)the marginal utility from the next hot dog Joey eats will be negative.
• C)the additional satisfaction he receives from eating another hot dog will be less then the satisfaction he received from his eating his last hot dog.
• D)Joey is maximizing the marginal utility per dollar he receives from eating hot dogs.

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Definitions:

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