If Total Utility Declines as an Additional Unit of a Commodity

question 73

Multiple Choice

If total utility declines as an additional unit of a commodity is purchased,

• A)marginal utility must be rising.
• B)marginal utility is negative.
• C)marginal utility is positive but falling.
• D)its price must have risen.
• E)marginal utility is zero.

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Definitions:

Collective Efficacy

The shared belief in the ability of a group to achieve common objectives and influence outcomes in their community.

Success

Refers to the accomplishment of an aim or purpose.

Equifinality

A principle that a given end state can be reached by many potential means or from different starting points in complex systems.

Systems Theory

A conceptual framework that examines entities as complex systems made up of interrelated components, suggesting that understanding the whole system requires looking at the interconnections and processes within it.