Multiple Choice
Identify the truthfulness of the following statements. I. Diminishing marginal utility and increasing total utility are incompatible with each other.
II) When marginal utility is negative, total utility is decreasing.
A) Both I and II are true.
B) Both I and II are false.
C) I is true; II is false.
D) I is false; II is true.
Correct Answer:
Verified
Correct Answer:
Verified
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