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Subject - Economics:

Microeconomics

MCQ - 3-4013

Question:

At the birthday party of your best friend, you see Skylar help himself to a second piece of cake. For this individual, it must be the case that

  1. the marginal benefit of the second piece of cake is less than the marginal cost.
  2. the total benefit received from eating cake is falling.
  3. the ratio of marginal benefit over marginal cost is less than one.
  4. the total benefit received from eating cake is falling.
  5. Skylar is irrationally consuming too much cake.

Correct Answer: D

Explanation:

You have to assume that Skylar evaluated the marginal benefits and marginal costs of the second piece of cake and decided that he should consume it.

Record Performance

269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: At the birthday party of your best friend, you see Skylar help himself to a second piece of cake. For this individual, it must be the case that, keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 3-4013.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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