Total utility is always
A) greater than marginal utility.
B) less than marginal utility.
C) decreasing when marginal utility is decreasing.
D) decreasing when marginal utility is increasing.
E) increasing when marginal utility is positive.
Correct Answer:
Verified
Q1: According to the principle of diminishing marginal
Q3: The budget line
A)shows the limits to a
Q4: Diminishing marginal utility means that
A)Ralph will enjoy
Q5: The fact that your fourth slice of
Q6: The first can of Coke gives 15
Q7: Use the table below to answer the
Q8: Utility is
A)the value of a good.
B)the additional
Q9: The change in total utility that results
Q10: The first can of Sprite Jack drinks
Q11: A budget line is drawn with the
A)quantity
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