Multiple Choice
Like marginal utility, marginal benefit
A) measures satisfaction for a consumer.
B) is used to analyze government behavior.
C) decreases with increased consumption of a good.
D) is a purely theoretical, immeasurable quantity.
E) is a dollar measure.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: The height of the demand curve is
Q3: A point on the budget constraint represents
Q4: The slope of a budget line for
Q5: Which of the following statements about market
Q6: The term utility maximization means that<br>A)individuals consume
Q8: Consumer surplus is<br>A)equivalent to value in use.<br>B)equivalent
Q9: To maximize utility, the amount that a
Q10: A change in the price of a
Q11: The budget constraint<br>A)is the combined price of
Q12: Marginal utility can be positive, zero, or