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Assume the Graph Shown Displays Caleb's Marginal Utility for Pairs

Question 121

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  Assume the graph shown displays Caleb's marginal utility for pairs of shoes. Which of the following statements is true? Remove rule below A. Caleb's A) Caleb's total utility decreases as the number of shoes increases. B) Caleb does not like shoes. C) Caleb's total utility is negative after eight pairs of shoes. D) Caleb's total utility starts decreasing after eight pairs of shoes. Assume the graph shown displays Caleb's marginal utility for pairs of shoes. Which of the following statements is true? Remove rule below A. Caleb's


A) Caleb's total utility decreases as the number of shoes increases.
B) Caleb does not like shoes.
C) Caleb's total utility is negative after eight pairs of shoes.
D) Caleb's total utility starts decreasing after eight pairs of shoes.

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