Which of the following is true?
a. A good for which the marginal utility of the last unit of a good consumed is greater will provide more total utility from consumption of the good.
b. If marginal utility is positive but diminishing, total utility increases with consumption of a good
c. If marginal utility is diminishing, total utility must be diminishing.
d. Total utility is equal to the change in marginal utility from consuming an added unit of a product.
b
Economics
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Suppose a firm's stock valuation is worth three times its outstanding debt. The firm's stock earns an annual return of 6 percent and pays 8 percent on the outstanding debt. What is the firm's company cost of capital?
A) 4.5 percent B) 6 percent C) 6.5 percent D) 8 percent
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How have states worked to overcome the temptation of increased government spending and decreased taxation?
Please provide the best answer for the statement.
Economics