If the price of a good falls,_____
A) the marginal utility of per dollar spent on consuming a specific unit of that good falls.
B) the marginal utility of per dollar spent on consuming a specific unit of that good remains unchanged.
C) the marginal utility of per dollar spent on consuming a specific unit of that good rises.
D) the total utility from consuming a specific unit of that good decreases.
E) the total utility from consuming a specific unit of that good remains constant.
Correct Answer:
Verified
Q76: Annie reallocates her budget until the ratios
Q77: Exhibit 6.2 Q78: If a good is offered free of Q79: Suppose Annie allocates her income between calzones Q80: Suppose Jason's marginal utility of $50-per-serving caviar Q82: Fernando allocates his lunch money between pizza Q83: Along a consumer's demand curve for a Q84: If total utility can be increased by Q85: The law of demand states that _ Q86: If the amount paid for a good
A)quantity
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