Total Utility Increases If One More Unit of a Product

question 98

True/False

Total utility increases if one more unit of a product is purchased and marginal utility is positive.

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Definitions:

Managerial Practices

The methods, strategies, and techniques employed by managers to achieve organizational objectives and manage employee performance.

Human Resource Systems

The organized procedures and frameworks designed to manage an organization's workforce effectively.

Organizational Change

The processes, strategies, and outcomes involved in altering the structure, practices, or culture of an organization.

External Environment

The aggregate of all conditions, entities, events, and factors surrounding and influencing an organization, outside its immediate boundaries.