If Total Utility Increases as Consumption of a Good Increases

question 40

True/False

If total utility increases as consumption of a good increases, then marginal utility must be increasing also.

---

Definitions:

Informed Consent

The doctrine that anyone who participates in human research must do so voluntarily and must know enough about the study to make an intelligent decision about whether to take part.

APA Code

The ethical guidelines set by the American Psychological Association for psychologists.

Human Welfare

The general health, happiness, and safety of a person or population, often used as a measure of the effectiveness of social policies.

Case Studies

A research method involving an up-close, in-depth, and detailed examination of a particular case or cases, often within a real-world context.