Mary says,You would have to pay me $50 to attend that pro wrestling event. For Mary,the marginal utility of the event is:A) zero.B) positive,but declines rapidly.C) negative.D) positive,but less than the ticket price.

Question

Mary says,You would have to pay me $50 to attend that pro wrestling event. For Mary,the marginal utility of the event is:A)  zero.B)  positive,but declines rapidly.C)  negative.D)  positive,but less than the ticket price.

Ashley Johnson · Accepted Answer

Final Answer : C, Explanation :  Mary's statement implies that the event provides her with a negative marginal utility, as she would only attend if she was compensated monetarily.

Mary says,"You would have to pay me $50 to attend that pro wrestling event." For Mary,the marginal utility of the event is:

A) zero.
B) positive,but declines rapidly.
C) negative.
D) positive,but less than the ticket price.

Definitions

Learning Objectives

Learning Objectives

Related questions

Mary says,"You would have to pay me $50 to attend that pro wrestling event." For Mary,the marginal utility of the event is:A) zero.B) positive,but declines rapidly.C) negative.D) positive,but less than the ticket price.

Definitions

Learning Objectives

Learning Objectives

Related questions

Mary says,"You would have to pay me $50 to attend that pro wrestling event." For Mary,the marginal utility of the event is:

A) zero.
B) positive,but declines rapidly.
C) negative.
D) positive,but less than the ticket price.