Which of the Following Statements Is False

question 24

Multiple Choice

Which of the following statements is false?

• A)If marginal utility is diminishing, then total utility is increasing but at a decreasing rate.
• B)If marginal utility is diminishing, then total utility is concave.
• C)If marginal utility is negative, then total utility is downward-sloping.
• D)If marginal utility is decreasing, then total utility is decreasing.

---

Definitions:

Payroll Payable

A liability account that represents the amount of money a company owes to its employees for wages earned but not yet paid.

Work-in-Process Inventory

Work-in-process inventory includes partially finished goods that are still in the production process at the end of an accounting period.

Hourly Manufacturing Labor

The cost associated with labor that is paid on an hourly basis within a manufacturing environment.