Which of the Following Statements Is Correct

question 55

Multiple Choice

Which of the following statements is correct?

• A) Marginal utility is the cumulation or summation of total utility.
• B) Total utility is the cumulation or summation of marginal utility.
• C) Total utility is the product of multiplying price times marginal utility.
• D) Total utility is the change in marginal utility as quantity consumed increases.

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Definitions:

Allergic Reaction

An immune system response to a foreign substance (allergen) that is not typically harmful to the body.

Rice

A staple food grain consumed by a large portion of the world's population, grown in water-soaked fields, especially in Asia.

Whooping Cough

A highly contagious respiratory tract infection caused by the bacterium Bordetella pertussis, characterized by severe coughing fits followed by a "whooping" sound.

Immunizations

The process of making a person immune or resistant to an infectious disease, typically by the administration of vaccines.