If We Are Graphing Total Utility, Then the Total Utility

question 332

Multiple Choice

If we are graphing total utility, then the total utility curve will

• A) always be increasing.
• B) always be decreasing.
• C) be increasing as long as marginal utility is positive.
• D) be horizontal if marginal utility is positive.

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Definitions:

Semistrong-form Efficient

Refers to a market efficiency form where prices include all publicly available information, including both historical and newly released financial data.

Weak-form Efficient

A level of market efficiency that assumes all past trading information is already reflected in stock prices, thus negating the ability to gain higher returns through analysis of historical prices.

Survivorship Bias

Survivorship bias is the logical error of concentrating on the entities or people that made it past some selection process and overlooking those that did not, often leading to false conclusions.

Data Mining

The process of using statistical techniques to extract and identify patterns, relationships, or information from large datasets.