Which of the Following Statements Is True Because of the Principle

question 472

Essay

Which of the following statements is true because of the principle of diminishing marginal utility?
A.When a customer continues to eat more pie at the Pie Palace, each additional piece of pie gives a larger amount of marginal utility.
B.When a customer continues to eat more pie at the Pie Palace, each additional piece of pie gives a smaller amount of marginal utility.
C.The marginal utility of a piece of pie is maximized when the total utility of pie is zero.
D.The total utility of pie is at a maximum while the marginal utility of pie is still increasing.

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Definitions:

Negotiable Instruments Liability

Legal accountability related to documents that promise payment to the bearer or named party, such as checks or promissory notes.

Primarily Liable

Refers to the main party responsible or legally obligated to fulfill a duty or pay a debt.

Secondarily Liable

Refers to a party's indirect responsibility to fulfill an obligation if the primary party fails to do so.

Proper Presentment

Proper Presentment is a legal term referring to the formal presentation of a negotiable instrument, like a check, to the party liable on the instrument, for payment or acceptance.