If finding the last stamp to complete your collection makes you happier than finding the first, then:
A) marginal utility is zero.
B) marginal utility is negative.
C) total utility is decreasing.
D) total utility is constant.
E) marginal utility is not diminishing.
Correct Answer:
Verified
Q25: Which of the following is true about
Q26: Marginal utility (MU) equals:
A) P/Q.
B) Q/TU.
C) PQ/TU.
D)
Q27: Consumers tend to maximize:
A) marginal utility.
B) marginal
Q28: A utility-maximizing consumer would never purchase a
Q29: Marginal utility is defined as:
A) the extra
Q31: If the marginal utility of each good
Q32: The conceptual measure of the satisfaction a
Q33: Total utility is measured by a mythical
Q34: Marginal utility is the change in:
A) total
Q35: If total utility from consuming two cups
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