If Total Utility Is Increasing, Then Marginal Utility

question 7

Multiple Choice

If total utility is increasing, then marginal utility

• A)must be declining.
• B)must be increasing.
• C)must be increasing at an increasing rate.
• D)may either be increasing or decreasing, but it must be greater than zero.

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Definitions:

Compensate Victim

The act of providing restitution or payment to a person who has suffered harm or loss as a result of another's action.

Breach Of Contract

The violation of any terms or conditions within a legally binding agreement.

Punish Offender

The process or act of imposing a penalty on an individual or entity for breaking the law or rules.

Negligent Person

An individual who fails to take reasonable care, resulting in harm or injury to another person or to property.