menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Principles and Policy Study Set 2
  4. Exam
    Exam 5: Consumer Choice: Individual and Market Demand
  5. Question
    Total Utility Increases If One More Unit of a Product
Solved

Total Utility Increases If One More Unit of a Product

Question 98

Question 98

True/False

Total utility increases if one more unit of a product is purchased and marginal utility is positive.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q93: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt=" -In Figure 5-7,

Q94: The law of diminishing marginal utility states

Q95: If a person receives a consumer's surplus

Q96: The real cost of a decision is

Q97: A decrease in the price of one

Q99: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt=" -Figure 5-5 shows

Q100: Figure 5-16 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 5-16

Q101: Tom is buying a quantity of wheat

Q102: What are the properties of indifference curves?

Q103: What is the marginal rate of substitution,

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines