If you sell your DVD player on eBay, you will be better informed about the quality of the product than any potential buyer. This is called

The law of diminishing marginal utility states that:

a. the marginal utility of the last unit consumed of any good is less than the marginal utility of all other products consumed. b. as more of a good or service is consumed, the marginal utility derived from it, relative to other products, increases. c. as more of a good or service is consumed, the marginal utility derived from it decreases. d. as more of a good or service is consumed, the marginal utility derived from it, relative to other products, remains the same. e. the marginal utility of all products consumed must be equal.

Any commonly accepted good that acts as a medium of exchange, a measure of value, and a store of value is known as

a. money b. currency c. acquisitive d. fiat e. M1