Micro 1.6-Marginal Analysis-Utility Video
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Last updated over 1 year ago
5 questions
1
The amount of happiness gained from consuming (cookies for example) can be positive, zero, or negative.
The amount of happiness gained from consuming (cookies for example) can be positive, zero, or negative.
1
According to the example provided, the amount of well being gained by each _______________ cookie is _______________ .
Other Answer Choices:
additional
increasing
1
In economics, satisfaction is known as _________________. (1 word)
In economics, satisfaction is known as _________________. (1 word)
1
The marginal utility of the 4th cookie is ________________.
The marginal utility of the 4th cookie is ________________.
1
If the goal is to maximize the amount of happiness, how many cookies should be consumed?
If the goal is to maximize the amount of happiness, how many cookies should be consumed?