Statement I: A person's marginal utility can be positive,zero or negative.
Statement II: As people buy more of the same product,their consumer surplus falls.
A)Statement I is true and statement II is false.
B)Statement II is true and statement I is false.
C)Both statements are true.
D)Both statements are false.

Question

Quizplus · Accepted Answer

The Answer of Statement I: A person's marginal utility can be positive,zero or negative.
Statement II: As people buy more of the same product,their consumer surplus falls.
A)Statement I is true and statement II is false.
B)Statement II is true and statement I is false.
C)Both statements are true.
D)Both statements are false.

Statement I: a Person's Marginal Utility Can Be Positive,zero or Negative