Utility analysis helps economists understand
A) how people make decisions about what they buy and how much.
B) how to eliminate opportunity costs.
C) how to eliminate scarcity.
D) none of the above.
Correct Answer:
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Q12: Marginal utility equals the change in total
Q13: The term marginal means
A) total.
B) average.
C) subjective.
D)
Q14: If total utility is decreasing, then marginal
Q15: When economists refer to people making decisions
Q16: The utility that people experience from the
Q18: Marginal utility can be thought of as
A)
Q19: Marginal utility is
A) the utility received from
Q20: Which of the following is NOT true
Q21: Utility refers to
A) the usefulness of a
Q22: 
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