Question 17 Quantit Sandwiches Sodas 1 pts 10 If price of a sandwich is $1, the

Question

Question 17 Quantit Sandwiches Sodas 1 pts 10 If price of a sandwich is $1, the price of a soda is $1, and income is $7, Christina should buy.... sandwiches and.. sodas O 4:3 0 4:1 O 3:4 ? 2:2 1 pts D Question 18 Which of the following is NOT likely to occur as the result of the law of diminishing marginal utility? David enjoyed his second bottle of iced water less than his first bottle O Mike's utility from her first slice of cake is greater than Rachers utlity from her second slice of cake. OPeter's utility from his second apple was seven and his utlity rom is third apple was sik. O Sabrina enjoyed his fourth slice of cake more than her third

Explanation / Answer

17)

Right Answer is : 3;4

In this way utility would be maximized and money would be spent optimally.

18)

Diminishing marginal utility asserts that extra utility from consumption of extra unit would keep on falling.

Here, right answer is "Sabrina enjoyed her fourth slice of cake more than her third"

here sabrina must enjoy his fourth slice of cake less than her third, then assumption of diminishing marginal utility would hold true.

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