1.The amount by which an additional unit of a good or service increases a consumer’s total utility, all other things unchanged, is:2. The marginal utility for the second unit is: 3. The marginal utility for the sixth unit is: 4.The amount by which total utility rises when an additional unit of a good is consumed is called:5. Assume that the price of good X is $1 per unit and the price of good Y is $2 per unit, and you consume 4 units of good X and 2 units of good Y. To maximize utility, assuming that the goods are divisible, you would consume:6.Which of the following equals marginal utility per $1?7.A change in the ability to purchase a good because its price has increased is most closely related to the:8.Total utility falls as marginal utility declines.9.When MUx/Px > MUy/Py, the buyer should decrease the quantity of X purchased. 10.Total utility is maximized when marginal utility per additional dollar spent is the same for all goods.
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