As more bananas are consumed, marginal utility decreases at
a. the same rate for all people, approaching but never reaching zero
b. the same rate for all people, and eventually becomes negative
c. different rates for different people, and for everyone, it approaches but never reaches zero
d. different rates for different people, and eventually, for everyone, it becomes negative
e. different rates for different people, and eventually reaches zero where it remains (it cannot be negative)
D
You might also like to view...
In Singapore the government places a $5,000 tax on the buyers of new automobiles. After the purchase of a new car, a buyer must pay the government $5,000. How would the imposition of the tax on buyers be illustrated in a graph?
A) The tax will shift both the demand and supply curves to the right by $5,000. B) The tax will shift the demand curve to the right by $5,000. C) The tax will shift the supply curve to the left by $5,000. D) The tax will shift the demand curve to the left by $5,000.
If the price of apples falls and apples and oranges are substitutes, we would expect:
a. The quantity of apples demanded to increase and the demand for oranges to increase. b. The quantity of oranges demanded to decrease and the demand for apples to increase. c. The quantity of apples demanded to increase and the demand for oranges to decrease. d. The quantity of oranges demanded to decrease and the demand for apples to decrease.