Economic Theory Asserts That

Multiple Choice

Economic theory asserts that

A) when marginal utility is positive, total utility is negative.
B) when total utility is positive, marginal utility is negative.
C) a lower price of a good allows consumers to purchase a quantity at which the marginal utility of the last unit purchased will be lower.
D) a lower price of a good allows consumers to purchase a quantity at which the marginal utility of the last unit purchased will be higher.