A rational consumer should not consume more of a good when:
a. total utility is decreasing.
b. marginal utility is diminishing.
c. both a and b.
d. income is decreasing.
e. the price is high.
a
Economics
You might also like to view...
If the demand for a good is determined to be "unit elastic," then the elasticity measure
A) is greater than 1.0. B) is equal to 1.0. C) is less than 1.0. D) is infinite.
Economics
A partnership can raise funds for expansion in which of the following ways?
A) issuing stock through secondary markets B) taking on more partners C) issuing stock through financial markets D) all of the above
Economics