7. How is the market price of a good determined? When the market for a product is in equilibrium, how will consumers value an additional unit compared to the opportunity cost of producing that unit? Why is this important?

15. Consurmer sumlus is: 2. The quantity of a good consumers get but did not have to pay for b. the amount a consumer has to pay less the amount the consume: was willing to pay O e amount the coORJIMa waswillingay leid ho'amouns thconsumer paid d. the total value of a good to a consum

Question 1 Which of the following statements is NOT true? O Total utility is the satisfaction from the entire consumption of a good Marginal utility is the additional satisfaction from consuming the last unit of a good Utility measures the satisfaction obtainefrom a good OBoth represent the satisfaction obtained from most all goods and services

25. What does a negative marginal utility means? Why does it happen? Explain.

7. How does economic conditions effect consumer behavior?

ASAP DECİSİON RULE FOR UTİLİTY MAXİMİZATİON   As I understand we choose the good which has higher marginal utility per dollar . BUT MY QUESTİON İs that What if our budget is not end up and the marginal utility per dollar is same for both good What should we do at that point? PLEASE ANSWER MY QUESTİON DONT GİVE CLLASİC DEFİNİTİON

(9) What determines the utility an individual receives from consuming a good? Select one: a. The individual’s own preferences. b. The demand and supply curves for that good. c. The producers conducting customer feedback surveys of that good and the feedback provided.   (10) Denzel bought headphones two months ago, Solo2 Beats by Dre, for $130. He gives them to his little brother and goes online to buy another for himself but they are now $160. What is the percentage change in the headphone’s price? Select one: a. 23% b. 30% c. 21%

Question 1 Which of the following statements is NOT true? O Total utility is the satisfaction from the entire consumption of a good O Marginal utility is the additional satisfaction from consuming the last unit of a good Utility measures the satisfaction obtainefrom a good Both represent the satisfaction obtained from most all goods and services

4. Study Questions and Problems #4 S MOME RIGUERES 225 40 VORRAG Curve. A Suppose your marginal utility for meals at the campus cafeteria this week has fallen to zero. Which of the following is an accurate statement about the total utility curve derived from consuming these meals? O The total utility curve is upward sloping, and more meals at the cafeteria this week will continue to result in an upward-sloping total utility O The total utility curve is flat, and more meals at the cafeteria this week will result in an upward-sloping total utility curve. O The total utility curve is downward sloping, and more meals at the cafeteria this week will result in an upward-sloping total utility curve. O The total utility curve is flat, and more meals at the cafeteria this week will result in a downward-sloping total utility curve.

Select the number of the question and the letter to indicate the answer you consider correctfor each question. 1. The Law of demanda. applies to final consumer goods but not to the productive resources purchased bybusiness firms.b. tells us how much of a good people want, but not necessarily how much of that good theyare willing to pay for.c. tells us that when the price of a good falls, quantity demanded will increase.d. applies only to goods that are not absolute necessities. 2. The law of supply states that all other things remaining the same:a. as the price of a good increases, supply of the good will increase.b. as the price of a good increases, the quantity of the good supplied willincrease.c. as the price of a good increases, demand for the good will increase.d. as the price of a good increases, the quantity of the good demanded willdecrease. 3. Which of the following most appropriately illustrates the law demand?a. Sellers increase the amount they sell because the price of the…