If a consumer is purchasing a good and her net marginal utility is positive,
A) she should continue to consume at this level.
B) she should purchase more units, so long as the net marginal utility is greater than zero.
C) she should check to see what the price is.
D) she should buy more units until her net marginal utility turns negative.
Correct Answer:
Verified
Q203: What is the marginal rate of substitution,
Q204: Are there ever exceptions to the law
Q205: If you go to a bar tonight
Q206: Plot the demand for caviar given the
Q207: Why is gold very expensive, even though
Q208: If marginal utility is a positive number,
A)the
Q210: Possible causes of an upward-sloping demand curve
Q211: What are the properties of indifference curves?
Q212: Given the demand curve in Figure 5-24,
Q213: How do you calculate consumer's surplus? What
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