Multiple Choice
If the price of a good falls,_____
A) the marginal utility of per dollar spent on consuming a specific unit of that good falls.
B) the marginal utility of per dollar spent on consuming a specific unit of that good remains unchanged.
C) the marginal utility of per dollar spent on consuming a specific unit of that good rises.
D) the total utility from consuming a specific unit of that good decreases.
E) the total utility from consuming a specific unit of that good remains constant.
Correct Answer:
Verified
Correct Answer:
Verified
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Q144: Suppose the marginal utility of a unit
Q145: Table 6.2<br> <span class="ql-formula" data-value="\begin{array}
Q146: Which of the following is true of
Q147: Newspaper vending machines,from which customers could take
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Q151: Table 6.1<br> <span class="ql-formula" data-value="\begin{array}
Q152: Which of the following is true?<br>A)Different people
Q153: If total utility can be increased by