If Total Utility Is Increasing, Marginal Utility

question 318

Multiple Choice

If total utility is increasing, marginal utility

• A)is positive but may be either increasing or decreasing.
• B)must also be increasing.
• C)may be either positive or negative.
• D)will be increasing at an increasing rate.

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Landlord

An owner of property who rents it out to another party, known as a tenant, under an agreement.

Nonemployee Agent

An individual or entity that acts on behalf of another party in a business transaction but is not considered an employee.

Nondelegable Duty Of Care

A legal obligation that cannot be transferred to another party and requires a person or entity to exercise a certain standard of care.

Independent Contractor

An individual or entity contracted to perform work for or provide services to another entity as a non-employee.