If Total Utility Is Rising as More Salsa Is Consumed,we

question 68

Multiple Choice

If total utility is rising as more salsa is consumed,we can definitely say that marginal utility is:

• A)falling.
• B)constant.
• C)rising.
• D)greater than zero.

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Definitions:

Income

The total amount of money received by an individual or group over a specific time period, coming from various sources like wages, investments, or government assistance.

Apples

Edible fruits produced by an apple tree, characterized by their sweet taste and crisp texture, consumed worldwide.

Bananas

Edible fruits from plants of the genus Musa, commonly enjoyed worldwide and known for their nutritional value.

Utility Function

A representation in economics of how consumers rank different bundles of goods based on the level of satisfaction or utility they provide.