When Utility Derived from Many Goods Is Multiplied or Divided

question 146

Multiple Choice

When utility derived from many goods is multiplied or divided by any number, the new utility measure indicates

• A)a different set of preferences for the highest and the lowest quantities of goods consumed, but the same preferences for the middle quantities.
• B)the same preferences as before.
• C)a different set of preferences only for the highest quantities of goods consumed.
• D)a different set of preferences only for the lowest quantities of goods consumed.
• E)an entirely different set of preferences.

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Definitions:

Unanimous Written Consent

A document that officially records the agreement of all parties or directors on a decision, without the need for a formal meeting.

Limited Liability Partnership

A business structure that offers its owners limited personal liability for the debts and actions of the partnership, while operating with a flexible management structure.

Statutorily Required Filing

Refers to documents or submissions that must be filed according to law or statute.

Obligations

Duties or responsibilities imposed by law, contract, or conscience that one party owes to another.