Multiple Choice
Which of the following statements is FALSE?
A) Goods and services are valuable to consumers because they generate utility.
B) Four hamburgers are likely to generate more total utility than three hamburgers.
C) Utility cannot be quantified.
D) The fourth hamburger increases total utility by more than the third hamburger.
E) The marginal utility of a movie is likely to be different from the marginal utility of an automobile.
Correct Answer:

Verified
Correct Answer:
Verified
Q162: The price elasticity of demand is a
Q163: If the demand curve for espresso is
Q164: For which of the demand elasticities is
Q165: During recessions,when workers lose their jobs and
Q166: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3714/.jpg" alt=" -Refer to the
Q167: Given that Chris' marginal utility from his
Q169: If Karen's marginal utility from her 13<sup>th</sup>
Q170: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3714/.jpg" alt=" -Refer to the
Q171: Beth has $20 to spend on apples
Q172: If the ratio of the marginal utility