Multiple Choice
Assume the graph shown displays Nadia's total utility function for pairs of gloves. Which of the following statements is true?I. The marginal utility of the 10th of gloves is negative.II. The marginal utility of gloves increases first and then decreases.III. The marginal utility of the 6th pair of gloves is smaller than the marginal utility of the 1st pair of gloves.
A) I and III
B) II and III
C) I and II
D) I, II, and III
Correct Answer:
Verified
Correct Answer:
Verified
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