Which of the Following Statements Is True

question 174

Multiple Choice

Which of the following statements is true?

• A)An extra dollar earned by a millionaire necessarily brings him or her less utility than an extra dollar earned by a poor person.
• B)If marginal utility is constant, then total utility for two units of a good is equal to the marginal utility of the second unit of the good.
• C)The marginal and total utility of a good are the same for the first unit of the good.
• D)Total utility will rise if marginal utility is negative.
• E)a and c

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Definitions:

Identification-based Trust

A form of trust built on the alignment of values and identification with another's intentions and character.

Monitor

To observe and check the progress or quality of something over a period of time.

Similar Interests

Shared goals, hobbies, or concerns among individuals or groups that facilitate common ground or bonding.

Magnitude of Consequences

The scale or impact of the outcomes resulting from an action or decision.