Which of the Following Statements Is True

question 25

Multiple Choice

Which of the following statements is true?

• A)An extra dollar earned by a millionaire necessarily brings him or her less utility than an extra dollar earned by a poor person.
• B)If marginal utility is constant, then total utility for two units of a good is equal to the marginal utility of the second unit of the good.
• C)The marginal and total utility of a good are the same for the first unit of the good.
• D)Total utility will rise if marginal utility is negative.

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Definitions:

Gaseous Phase

A state of matter characterized by neither a defined shape nor volume, with molecules moving freely, much faster than in liquid or solid states.

Phosphorus Cycle

The worldwide circulation of phosphorus from the abiotic environment into living things and back into the abiotic environment.

Nitrogen-Fixing Bacteria

Bacteria capable of converting atmospheric nitrogen into organic compounds usable by plants.

Gaseous Nitrogen

Nitrogen in its gaseous state, making up about 78% of the Earth's atmosphere, and is chemically inert under most conditions.