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Economics, 6/e
Stephen L. Slavin
Theory Of Consumer Behavior
Chapter 19 - Theory of Consumer Behavior
1
If you continue consuming more and more of a product as your marginal utility becomes negative, your total utility will be
.
2
If you were to buy three pairs of jeans at $20 each and you would have been willing to pay $30 for the first pair and $25 for the second pair, you must be enjoying a consumer surplus of at least $
.
3
Jeremy Bentham believed that people maximize their
and minimize their
.
4
Jessica bought more and more DVDs until her
equals the price of DVDs.
5
If tuna fish sandwiches were being given away and you ate four, we would know that your marginal utility for a fifth tuna fish sandwich was
or
.
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