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Total Utility Increases If One More Unit of a Product

question 98

True/False

Total utility increases if one more unit of a product is purchased and marginal utility is positive.


Definitions:

Top-Down Planning

Business planning based on a set of goals forced on the organization by senior management. Top-down planning has a tendency to lead to excessively optimistic plans.

Conservative

An investment strategy or approach that prioritizes preservation of capital and moderate growth, typically with lower risk.

Financial Plan

A comprehensive evaluation of an individual's or organization's current and future financial state by using current known variables.

Stretch Goals

Highly ambitious or challenging targets set beyond current expectations and capabilities to push performance and drive significant achievements.

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