menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 49
  4. Exam
    Exam 3: Consumer Preferences and the Concept of Utility
  5. Question
    If Marginal Utility Is Negative, Then Total Utility Is Downward-Sloping
Solved

If Marginal Utility Is Negative, Then Total Utility Is Downward-Sloping

Question 48

Question 48

True/False

If marginal utility is negative, then total utility is downward-sloping.

Correct Answer:

verifed

Verified

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

Related Questions

Q43: Consider the following three market baskets.

Q44: If one were to draw indifference curves

Q45: When total utility, U(x)is maximized, marginal utility,

Q46: Jacob's estimated utility from pizza is given

Q47: Suppose for some utility function that

Q49: A consumer would not generally be represented

Q50: Which of the following utility functions

Q51: Marginal utility is:<br>A)the slope of the total

Q52: If two goods are perfect substitutes, then

Q53: Marginal utility may be negative.

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