Total utility can be calculated as the
a. sum of all marginal utilities
b. price paid for one unit of a good
c. product of all marginal utilities
d. total expenditure on all units of a good the consumer buys
e. difference between the marginal utilities of the first and last units of a good
A
Economics
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If nominal GDP is 100,000 and real GDP is 80,000, the GDP deflator is 115
Indicate whether the statement is true or false
Economics
Vesting refers to
A) the right of the holder of an insurance policy to collect for an insurable event. B) the shielding of returns on whole life policies from taxation. C) the length of service required of an employee before he or she is eligible for a pension. D) the payments made by an employee into a pension plan.
Economics