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United StatesMicroeconomicsQuick questions
Unit 1: Basic Economic Concepts
Quick questions on Marginal Analysis and Consumer Choice - AP Microeconomics Topic 1.6
3short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
how does a rational consumer choose the bundle that gives the most satisfaction?Show answer
The College Board wants you to explain total and marginal utility, state the law of diminishing marginal utility, and apply the utility-maximizing rule that equalises the marginal utility per dollar across goods. This is the foundation of the demand curve you meet in Unit 2.
What is q1?Show answer
State the law of diminishing marginal utility. [1 point]
What is q2?Show answer
Good A gives 30 utils and costs 2. State which delivers more utility per dollar. [1 point]
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