Solved

Utility Theory Assumes That Marginal Utility of a Good

Question 31

Multiple Choice

Utility theory assumes that marginal utility of a good


A) increases as an individual consumes more of the good
B) decreases as an individual consumes more of the good
C) is greater than total utility as long as total utility is greater than zero
D) is constant as long as the individual derives utility from the good
E) is greater than total utility as long as marginal utility is greater than zero

Correct Answer:

verifed

Verified

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

Related Questions