The Marginal Utility of a Unit of Good X

question 174

Multiple Choice

The marginal utility of a unit of good X

• A)is always greater than the total utility of X.
• B)is always less than the average utility of X.
• C)generally depends on how much X the consumer already has.
• D)is always equal to the price of X.

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Definitions:

Channelization

The engineering of a natural stream or river by straightening, deepening, or otherwise modifying its natural course for navigation, flood control, or urban development.

Wetlands

Areas where water covers the soil, either permanently or seasonally, supporting distinct ecosystems with a variety of plant and animal life.

Irrigation Water

Water that is supplied to crops to assist in their growth, often through artificial means such as sprinklers or drip lines.

Wasted

Resources or materials that are disposed of or used inefficiently or ineffectively.