Multiple Choice
If finding the last stamp to complete your collection makes you happier than finding the first, then:
A) marginal utility is zero.
B) marginal utility is negative.
C) total utility is decreasing.
D) total utility is constant.
E) marginal utility is not diminishing.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q16: Utility is most closely defined by which
Q17: Assume the price of Levi jeans increases.
Q18: Exhibit 6-1 Total utility for good
Q19: The utility of a good measures its
Q22: Eric is maximizing his total utility through
Q23: The utility of a good is:<br>A) different
Q24: Utility refers to the:<br>A) relationship of demand
Q26: Assume P<sub>x</sub> is the price of good
Q70: Assume the total utilities corresponding to the
Q71: If the first four units of a