Marginal Utility Theory Is About

question 5

Multiple Choice

Marginal utility theory is about

• A) proving that demand curves are always downward sloping.
• B) calculating consumer surplus.
• C) the total satisfaction resulting from the consumption of some good by the consumer.
• D) the consumer behaviour that underlies the theory of demand.
• E) how producers allocate their scarce resources.

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Definitions:

mRNA

Messenger RNA, a type of RNA that conveys genetic information from DNA to the ribosome, where it specifies the amino acid sequence of the protein products of gene expression.

RNA Polymerase

An enzyme that synthesizes RNA from a DNA template during the process of transcription.

Transcription

The process by which the DNA sequence in a gene is copied into messenger RNA (mRNA).

DNA Polymerase

Enzyme that carries out DNA replication. Uses a DNA template to assemble a complementary strand of DNA.