If Consumption of an Extra Unit of a Product Delivers

question 126

Multiple Choice

If consumption of an extra unit of a product delivers a positive marginal utility,then consumption of that additional unit would mean

• A)that total utility is also zero.
• B)that total utility would not change.
• C)that total utility would be increasing.
• D)that total utility would be decreasing.
• E)that the consumer would no longer receive any satisfaction from any consumption of this good.

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Definitions:

Lockout

A tactic used by employers where they prevent employees from working during a labor dispute, often to pressure the union to accept contract terms.

RICO Act

The Racketeer Influenced and Corrupt Organizations Act, a United States federal law designed to combat organized crime by allowing prosecution and civil penalties for racketeering activity.

Sympathy Strike

A labor strike by one union in support of another union's strike, even though the first union does not have a direct dispute with the employer.

Support Workers

Employees who provide assistance or technical services that enable other staff members to perform their jobs more effectively.