At a certain pizza shop, a single customer could order a pizza dine-in for $12 but he could get a second one for $5 more. Explain what this has to do with marginal utility.

Positive marginal utility is when the marginal utility increases the total utility whereas negative marginal utility is when the consumption of an additional unit reduces the amount of the total utility. Is it true or false?

If marginal utility is declining but still positive, total utility is increasing.  True or false and explain

The principle of diminishing marginal utility says that people don't enjoy consuming more of a good. True or False and Explain the choice

On the demand curve for flowers below, please answer the following questions Price per unit (dollars) 10 8 6 20 25 30 Demand Quantity a. What do the points along the curve represent? b. Calculate the Elasticity of Demand between point b and c. c. What is the curve elastic, unitary elastic or inelastic? d. What does that type of elasticity mean for the florist?

Gabriella obtains utility from consuming granola bars and cappuccino. The following table shows the total utility (TU) she obtains from consuming different amounts of the two goods. The price of a granola bar is $3 and the price of a cup of cappuccino is $2. She has allocated $9 to spend on granola bars and cappuccino. 1. Complete the table by calculating the marginal utility (MU) and the MU per dollar spent on each granola bar and cup of cappuccino. 2. What is Gabriella’s optimal consumption bundle of granola bars and cups of cappuccino?

Can you help me solve this question step by step, please?

Suppose you had a budget of $20.00 and the prices of a burger and a slice of pizza are $4.00 and $2.00 respectively.   What is the marginal utility per dollar spent for the fourth burger?

How can one's choice of purchases/consumption be infuenced by utility or marginal utility?

Question 2