HW 04/08 weekend

HW 04/08 weekend

10th Grade

42 Qs

quiz-placeholder

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HW 04/08 weekend

HW 04/08 weekend

Assessment

Quiz

Social Studies

10th Grade

Medium

Created by

Withney Olivia

Used 2+ times

FREE Resource

42 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

As an individual consumes an additional good or servce, their satisfaction decreases

Marginal Utility

Law of Diminishing Marginal Utility

Utility

Negative Utility

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Total amount of satisfaction I get from consuming G or S or doing an activity

Total Utility

Marginal Utility

Utility

Negative Utility

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Utility is the
benefit or satisfaction that a person gets from the consumption of a good or service
measure of how useful a resource is in the production process
measure of productivity associated with a good or service
economic term for consumption possibilities

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

As more of a good is consumed, total utility
increases
decreases
remains the same
becomes negative and then turns positive

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

As more of a good is consumed, marginal utility

increases

decreases

remains the same

becomes negative and then turns positive

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The first four Apples Hassan consumes have total utility of 15, 27, 37, and 45 respectively. What is the marginal utility of the 4th Apple?

124 units of utility

45 units of utility

11.25 units of utility

8 units of utility

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which decreases first as more of a good is consumed?
total utility
average utility
marginal utility
marginal physical product

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