menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics Study Set 4
  4. Exam
    Exam 5: Consumer Choice
  5. Question
    "If Marginal Utility Is Decreasing,then Total Utility Must Also Be
Solved

"If Marginal Utility Is Decreasing,then Total Utility Must Also Be

Question 131

Question 131

Essay

"If marginal utility is decreasing,then total utility must also be decreasing".Is this correct?

Correct Answer:

verifed

Verified

No this is incorrect.It doesn't matter w...

View Answer

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

Related Questions

Q126: Explain why a rational consumer does not

Q127: Which of the following products are likely

Q128: Suppose that MU<sub>C</sub>/P<sub>C</sub> < MU<sub>A</sub>/P<sub>A</sub>,MU<sub>C</sub>/P<sub>C</sub> = MU<sub>B</sub>/P<sub>B</sub>,and

Q129: The following graph shows the marginal utility

Q130: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5692/.jpg" alt=" -Refer to the

Q132: The following table shows Mia's $ marginal

Q133: Marginal utility is the additional utility derived

Q134: If the MU per dollar spent on

Q135: Yoko has $10 to spend on lunch.The

Q136: Table 5.8 shows Jacintha's marginal utility for

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