Multiple Choice
Marginal utility is
A) the difference in price between one store and another.
B) the difference in value between "some" of a thing and "none" of a thing.
C) the difference between any two successive total utility figures.
D) acquired only with the first few units of a good or service.
E) utility that is barely satisfactory.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Consumer's surplus is a measure of how
Q2: As a general rule, consumers have<br>A)limited income.<br>B)unlimited
Q3: Total utility always decreases when additional amounts
Q4: The law of demand holds that as
Q5: For a _, if incomes rise and
Q7: Figure 5-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 5-3
Q8: An increase in a family's income will
Q9: When the price of a commodity falls,
Q10: Because of diminishing marginal utility, total utility
Q11: Figure 5-14 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 5-14