If marginal utility is declining but still positive, total utility is increasing.
Answer the following statement true (T) or false (F)
True
Total utility is the sum of all marginal utilities up to that point. Since marginal utility is positive, total utility must be rising.
Economics
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Consider the market for bread. If the price of wheat rises, then the
A) demand curve for bread shifts leftward. B) supply curve of bread shifts leftward. C) price of bread falls. D) equilibrium quantity of bread increases. E) demand curve for bread shifts rightward.
Economics
Liquidity refers to the ability of an asset to hold its value in periods of inflation
a. True b. False Indicate whether the statement is true or false
Economics