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

question 86

Multiple Choice

Mark's marginal utility of a third waffle is 10 units and 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.

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Definitions:

Feminism

A movement aimed at achieving equality between the sexes, particularly focusing on women's rights and interests.

Gender Interactions

The ways in which individuals behave towards, communicate with, and perceive people of the same or different gender identities.

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