Multiple Choice
As price falls along the demand curve for pretzels,_____
A) the ratio of the marginal utility of pretzels to its price increases.
B) the marginal valuation of pretzels increases.
C) the consumption of pretzels increases and marginal utility decreases.
D) the marginal valuation of pretzels decreases.
E) total utility and marginal utility remain unchanged.
Correct Answer:
Verified
Correct Answer:
Verified
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Q129: Consumers must understand the economist's law of
Q129: A utility-maximizing consumer equalizes marginal utilities across
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Q134: Total utility is the _<br>A)sum of all
Q135: Exhibit 6.3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1208/.jpg" alt="Exhibit 6.3
Q136: The law of diminishing marginal utility states