If Total Utility Is Decreasing as More Units Are Consumed

question 86

Multiple Choice

If total utility is decreasing as more units are consumed, then marginal utility must be

• A) negative.
• B) decreasing at an increasing rate.
• C) decreasing.
• D) increasing at a decreasing rate.
• E) positive.

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Definitions:

Standard Deviation

A measure of the dispersion or spread of a set of values, calculated as the square root of the variance, indicating how much the values deviate from the mean.

Standard Deviation

An assessment of how much the values in a group differ or spread out.

Variance

A metric indicating how spread out a group of numbers is, determined by the mean of the squared deviations from the average.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in the dataset deviate from the mean.