The measure of the benefit you get from consuming the next cup of coffee is your
A) marginal utility of coffee.
B) total utility from coffee.
C) total utility per dollar spent on coffee.
D) total utility from coffee when you are at your consumer equilibrium.
A
Economics
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In the figure above, at point A the consumer is willing to give up ________ pounds of pickles to get one additional pound of olives
A) 8 B) 6 C) 1 1/3 D) 2
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A technological advancement has just occurred in the computer chip industry. In the computer chip market this will lead to
A) an increase in price and a decrease in quantity. B) an increase in price and an increase in quantity. C) a decrease in price and a decrease in quantity. D) a decrease in price and an increase in quantity.
Economics