"If Marginal Utility Is Decreasing,then Total Utility Must Also Be

question 131

Essay

"If marginal utility is decreasing,then total utility must also be decreasing".Is this correct?

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Definitions:

Outstanding Checks

Checks that have been written and recorded in the payer's accounting records but have not yet been cashed or deposited by the payee.

Petty Cash

A modest sum of money maintained in reserve for small, unplanned costs.

Journal Entry

A record in the accounting journal that represents a transaction and shows the debits and credits to various accounts.

Petty Cash Account

A small fund kept on hand for minor, incidental expenses.