Marginal utility is an important economic concept because it:
A) Indicates the budget limitations of the consumer.
B) Is the total utility a consumer receives from a good.
C) Can be used to predict the amount of a good a rational consumer will purchase.
D) Predicts the amount of a good a business will produce.
Correct Answer:
Verified
Q18: Demand is defined as the:
A) Desire for
Q19: The market demand curve is calculated by:
A)
Q20: The pleasure or satisfaction obtained from goods
Q21: Javier goes to an all-you-can-eat buffet at
Q22: The assumption of ceteris paribus is important
Q24: The law of demand and the law
Q25: When the additional satisfaction from a good
Q26: If marginal utility is negative,then:
A) Total utility
Q27: The amount of utility obtained from the
Q28: With a greater amount of consumption,total utility:
A)
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