Multiple Choice
John loves to travel. He would never turn down the opportunity to go on a trip. This means that, for John:
A) the total utility of travel always increases.
B) marginal utility of travel never decreases.
C) the law of diminishing marginal utility does not apply to travel.
D) marginal utility of travel is always zero.
E) extra travel yields zero consumer surplus.
Correct Answer:
Verified
Correct Answer:
Verified
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