Multiple Choice
Which of the following is false about the assumptions that economists make about utility?
A) Utility can be used to rank alternative combinations of consumption.
B) Consumers can be worse off with too much of a good.
C) Utility levels cannot be used to compare consumer preferences of different people.
D) Marginal utility increases at a decreasing rate.
E) The units used to measure utility do not matter.
Correct Answer:

Verified
Correct Answer:
Verified
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Q116: Exhibit 5-10 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 5-10
Q117: Exhibit 5-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 5-2
Q118: Exhibit 5-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 5-2