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.

---

Definitions:

Tax Increase

The government's act of raising the amount required to be paid on earnings, purchases, or property to generate revenue for public projects and services.

Revenue Enhancements

Euphemistic term for measures aimed at increasing governmental income, typically through raising taxes or fees.

Federal Government

The national government of a federation, which holds authority over the entire territory, distinguishing it from state or local governments.

Ronald Reagan

The 40th President of the United States (1981–1989), known for his conservative policies, economic reforms, and role in ending the Cold War.