Multiple Choice
If a product has a high marginal utility,then
A) Consumers will not purchase any more of the good.
B) The demand curve will be downward-sloping.
C) A consumer is willing to pay a high price for it.
Correct Answer:

Verified
Correct Answer:
Verified
Q102: Total utility is<br>A)The additional utility from consuming
Q103: When choosing among products,consumers look at<br>A)The marginal
Q104: If advertising is successful,<br>A)The demand becomes more
Q105: The four determinants of demand that are
Q106: The mix of consumer purchases that maximizes
Q108: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5715/.jpg" alt=" - Refer to
Q109: Suppose Caesar allocates his entire budget to
Q110: When sellers price discriminate,<br>A)They are attempting to
Q111: Assume Amanda always maximizes her total utility
Q112: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5715/.jpg" alt=" -Use the