A consumer will buy more units of a good if the value of the good's
A) marginal utility is greater than its price.
B) total utility is less than its price.
C) marginal utility is less than its price.
D) marginal utility is equal to its price.
E) total utility is greater than its price.
Correct Answer:
Verified
Q7: If marginal utility has become negative, we
Q8: Which of the following defines consumer surplus?
A)
Q9: You would be willing to pay a
Q10: Assume your demand for a can of
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Q13: The diamond- water paradox is easily resolved
Q14: The utility of a consumer durable is
Q15: What are the three attitudes towards risk?
A)
Q16: If you are prepared to accept odds
Q17: Insurance companies can lower their risks by
A)
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