Total utility
A) cannot decrease as a person consumes more and more of a good.
B) has a constant rate of increase as a person consumes more and more of a good.
C) is equal to the sum of the marginal utilities of all units consumed.
D) is negative when marginal utility is declining.
Correct Answer:
Verified
Q5: If a consumer receives 20 units of
Q6: If your total satisfaction increases when you
Q7: Marginal utility can be
A)negative.
B)zero.
C)positive.
D)positive, negative, or zero.
Q8: If a consumer receives 22 units of
Q9: Consumers maximize total utility within their budget
Q11: Consumers have to make tradeoffs in deciding
Q12: If a consumer always buys goods rationally,
Q13: An item has utility for a consumer
Q14: Economists assume that the goal of consumers
Q15: If, when you consume another piece of
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