Which of the following statements is FALSE?
A) Goods and services are valuable to consumers because they generate utility.
B) Four hamburgers are likely to generate more total utility than three hamburgers.
C) Utility cannot be quantified.
D) The fourth hamburger increases total utility by more than the third hamburger.
E) The marginal utility of a movie is likely to be different from the marginal utility of an automobile.
Correct Answer:
Verified
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