Which of the following statements is false?
A) If total utility rises, so must marginal utility.
B) If marginal utility rises, so must total utility.
C) If marginal utility falls, so must total utility.
D) If total utility falls, marginal utility is negative.
E) a and c
Correct Answer:
Verified
Q96: Exhibit 20-2 Q97: The endowment effect Q98: If total utility of a good is Q99: A person is said to be in Q100: Exhibit 20-1 Q102: Implicit in the solution to the diamond-water Q103: If the rate of increase of total Q104: Smith says she gets 5 utils from Q105: Exhibit 20-3 Q106: Consumer equilibrium exists when Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)states that we value an
A)marginal utility for all