Graphically,as a Consumer Buys More of a Good,the Marginal Utility

question 21

Multiple Choice

Graphically,as a consumer buys more of a good,the marginal utility line will

• A)Increase as more goods are consumed.
• B)Increase steadily and then decline.
• C)Continuously decline if diminishing returns are present.
• D)Follow the same shape as the total utility line.

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Definitions:

Intrinsic Value

The actual, fundamental value of an asset based on an understanding of its true characteristics, including all aspects of the business, in terms of both tangible and intangible factors.