Multiple Choice
Suppose for a utility function that the marginal utility for good is given by . Which of the following is correct?
A) The more is better assumption is not satisfied for in this utility function.
B) The more is better assumption is satisfied for in this utility function.
C) This shows a positive and increasing marginal utility of x.
D) The marginal rate of substitution must be diminishing.
Correct Answer:

Verified
Correct Answer:
Verified
Q72: Sally likes Jim twice as much as
Q73: The marginal utility is the slope of
Q74: One adhesive having twice the adhesive power
Q75: Marginal utility is the slope of the
Q76: If two goods are perfect substitutes, then
Q78: Suppose that a consumer has the
Q79: Imagine an indifference curve graph with units
Q80: Consider the utility function <span
Q81: Given a utility function <span
Q82: Which of the following utility functions