Which of the Following Is True

question 157

Multiple Choice

Which of the following is true?

• A)It is possible for total utility to rise as marginal utility falls.
• B)Marginal utility is the same as total utility.
• C)As marginal utility falls, total utility always falls.
• D)a and c

---

Definitions:

Marginal Product

The additional output produced by employing one more unit of a particular input, holding other inputs constant.

Rental Price

The cost associated with leasing or renting an asset, property, or service.

Capital Equipment

Long-term assets a business uses in the production of goods and services, such as machinery, buildings, and vehicles.

Equilibrium Wages

The salary level where the amount of work offered matches the amount of work sought in the employment market.