CAIE-Alevel-经济学-A2分类练习+解析 → 练习和解析(选择题-难): Utility

The table displays the marginal utility of successive units of good X for a consumer, with a price of $3 for good X.

What other information is required to determine the quantity of good X that the consumer will buy?

The elasticity of demand for good X with respect to the consumer's income.

The elasticity of demand for good X with respect to its price.

The marginal utility of money for the consumer.

The marginal utility of substitute goods for the consumer.

The statement that the relative prices of goods indicate their marginal utilities, rather than their total utilities. What does this statement explain?

the law of diminishing returns

the drawbacks of marginal utility theory

the paradox of value

the role of prices as an allocative mechanism

CAIE-Alevel-经济学-A2分类练习+解析

CAIE-Alevel-经济学-A2分类练习+解析

练习和解析(选择题-难): Utility

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