Marginal Utility Is Always a Positive Number

question 126

True/False

Marginal utility is always a positive number.

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Definitions:

Finite Population Correction Factor

A factor applied in sample size formulae to adjust for the effect of sampling without replacement from a finite population.

Mean Salary

The average amount of money earned by employees in a specific job, industry, or region, calculated by summing all salaries and dividing by the number of employees.

Standard Error

An estimate of the statistical accuracy of an estimate, showing how much the sample mean is expected to vary from the true population mean.

Poker Time

A casual term possibly referring to a designated period dedicated to playing poker, not an established key term in a technical or academic sense.