Which of the Following Is True

question 114

Multiple Choice

Which of the following is true?

• A)It is possible for total utility to rise as marginal utility falls.
• B)Marginal utility is the same as total utility.
• C)As marginal utility falls, total utility always falls.
• D)As marginal utility falls, total utility always rises.

---

Definitions:

Average Total Cost Curve

A graphical representation that shows the cost per unit of output, calculated by dividing the total cost by the quantity produced.

Average Variable Cost Curve

A graphical representation showing the relationship between a firm's total variable cost per unit of output and the level of output.

Average Grade

The mean score achieved by a student, calculated by adding all individual grades and dividing by the number of grades received.

Perfectly Competitive

Describes a market structure where numerous small firms compete against each other, and none can influence the market price.