Total utility can be calculated as the
A) sum of all marginal utilities
B) price paid for one unit of a good
C) product of all marginal utilities
D) total expenditure on all units of a good the consumer buys
E) difference between the marginal utilities of the first and last units of a good
Correct Answer:
Verified
Q26: Marginal utility is defined as the
A)average amount
Q27: The marginal utility of a second copy
Q28: If marginal utility is negative, total utility
Q29: The law of diminishing marginal utility states
Q30: "The second glass of Evian water was
Q32: Positive marginal utility implies increasing total utility.
Q33: The law of diminishing marginal utility implies
Q34: Marginal utility is negative only when quantity
Q35: Carvel advertises a football-shaped ice cream cake
Q36: Demand curves usually slope downward because of
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