Which of the Following Is Correct

question 324

Multiple Choice

Which of the following is correct?

• A)There is no firm mathematical relationship between marginal utility and total utility.
• B)Total utility is equal to the change in marginal utility from consuming an additional unit of a product.
• C)If marginal utility is diminishing and is a positive amount, total utility will increase.
• D)If marginal utility is diminishing, total utility must also be diminishing.

---

Definitions:

Reporting Pay

A policy requiring employers to pay workers for a minimum number of hours even if they are sent home early or work less than the intended schedule.

Scheduled Hours Pay

Compensation for employees based on the hours they are scheduled to work, potentially including pay for unworked hours due to a minimum notice period for schedule changes.

Guaranteed Hours Pay

A compensation system where employees are assured a minimum number of paid hours, even if they work less than this minimum in a given period.

Union Contracts

Legal agreements between labor unions and employers that outline wages, benefits, working conditions, and other employment terms.