If total utility is increasing, then marginal utility is
A) negative.
B) positive.
C) zero.
D) decreasing.
Correct Answer:
Verified
Q2: The amount of pleasure or satisfaction derived
Q3: Economists use what term to describe the
Q4: In economics, another term for satisfaction is
A)
Q5: Suppose that Dillon derives 40 utils of
Q6: Which English philosopher set out to develop
Q8: A representative unit that measures the want-satisfying
Q9: In economic utility analysis, consumer tastes and
Q10: In economics, utility is defined as
A) the
Q11: The concept of marginality is important in
Q12: Marginal utility equals the change in total
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