Multiple Choice
High price and low total utility indicate
A) low marginal utility.
B) large quantities are sold.
C) high marginal utility.
D) a high price/marginal utility ratio.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q183: Total utility increases if one more unit
Q184: An indifference curve is a line showing<br>A)combinations
Q185: All points on an indifference curve represent
Q186: All decisions involve opportunity cost.
Q187: Marginal utility can fall even as total
Q189: A well-known women's college whose tuition lagged
Q190: Since price tends to equal marginal utility,
Q191: The slope of a consumer's indifference curve
Q192: When the price of one product falls,<br>A)consumers'
Q193: A budget line is defined as<br>A)the number