Multiple Choice
If total utility declines as an additional unit of a commodity is purchased,
A) marginal utility must be rising.
B) marginal utility is negative.
C) marginal utility is positive but falling.
D) its price must have risen.
E) marginal utility is zero.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q68: Which of the following is not a
Q69: What is a budget line? What does
Q70: Economic theory has traditionally focused on optimality
Q71: Indifference curves show all combinations of commodities
Q72: When drawn correctly and preferences are consistent,
Q74: Rolls-Royce may actually sell fewer cars at
Q75: The resolution of Adam Smith's diamond-water puzzle
Q76: A change in the price of one
Q77: If you go to a bar tonight
Q78: The host at a party offers Justin