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1.2 Individual economic decision making (A-level only)

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Question 2

An individual purchases five cans of craft soda per week to maximise their total utility from this beverage.

The price of craft soda increases by 40%, causing the individual's weekly consumption of the soda to change.

Which one of the following combinations shows the most likely changes in the individual's total utility and the marginal utility of the last unit consumed?

A

Total utility: Decrease | Marginal utility: Decrease

B

Total utility: Increase | Marginal utility: Decrease

C

Total utility: Decrease | Marginal utility: Increase

D

Total utility: Increase | Marginal utility: Increase

Markscheme

1.2 Individual economic decision making (A-level only) Questions

  1. A Level
  2. /Economics
  3. /1.2 Individual economic decision making (A-level only)

45 exam-style questions on AQA A Level Economics 1.2 Individual economic decision making (A-level only), covering 1.2.1 Consumer behaviour, 1.2.2 Imperfect information, 1.2.3 Aspects of behavioural economic theory, and 1.2.4 Behavioural economics and economic policy. Each one has a worked solution and a mark scheme showing where the marks go.

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