If Marginal Utility Is Negative,then

question 23

Multiple Choice

If marginal utility is negative,then

• A)Total utility will increase with additional consumption.
• B)Total utility will decrease with additional consumption.
• C)The good or service being consumed is an inferior good.
• D)Total utility is at a minimum.

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Definitions:

Coinsurance Coverage

A type of insurance in which the insured pays a share of the payment made against a claim.

Coinsurance Clause

A provision in insurance policies requiring policyholders to insure their property to a specified percentage of its value to receive full reimbursement for a loss.

Insurance Company

A business that provides coverage, in the form of compensation resulting from loss, damages, injury, treatment, or hardship in exchange for premium payments.

Coinsurance Clause

A provision in insurance policies that requires the policyholder to bear a share of the loss to some specified extent.