The Marginal Utility Curve for Units 1 Through 5 of Good

question 23

Multiple Choice

The marginal utility curve for units 1 through 5 of good Z lies above the horizontal axis. What does this imply must be true about the total utility curve for units 1 through 5 of good Z?

• A)That portion of good Z's total utility curve must be upward sloping.
• B)That portion of good Z's total utility curve must be downward sloping.
• C)That portion of good Z's total utility curve must be horizontal.
• D)That portion of good Z's total utility curve must also lie above the horizontal axis.

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Definitions:

Stars

Employees or units within an organization that perform exceptionally well and are often seen as key contributors to its success.

Stars

In a business context, this term usually relates to products or business units with high market share in fast-growing markets. In astronomy, stars are celestial bodies that emit light and heat from nuclear reactions.

Upside Potential

The potential or likelihood for an investment, asset, or a business to increase in value or performance in the future.

Expanding Markets

The process of entering new geographic or demographic market segments to increase customer base and achieve higher sales.