Multiple Choice
If consumption of an extra unit of some good generates a marginal utility of zero,then consumption of that additional unit would mean that total utility would
A) be negative.
B) also be zero.
C) be increasing.
D) be decreasing.
E) not change.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q35: Since there is a limited supply of
Q36: The figures below show Chris's consumption of
Q37: An equal proportional increase in money income
Q38: The substitution effect of a price change<br>A)is
Q39: The marginal rate of substitution<br>A)is the amount
Q41: Assume the quantity of good X is
Q42: Assume you are consuming two goods,X and
Q43: FIGURE 6- 12 Sophie consumes two goods
Q44: Suppose a consumer can purchase only two
Q45: Laurie spends all of her money buying