If Total Utility Declines as an Additional Unit of a Commodity

question 73

Multiple Choice

If total utility declines as an additional unit of a commodity is purchased,

• A)marginal utility must be rising.
• B)marginal utility is negative.
• C)marginal utility is positive but falling.
• D)its price must have risen.
• E)marginal utility is zero.

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Definitions:

Marginal Product

The additional output resulting from one more unit of a given input, holding all other inputs constant, in the production process.

Capital Owners

Individuals or entities that own assets that can be used to produce goods or services and potentially generate income.

Stay-at-home Fathers

Men who choose to remain at home to care for their children and manage household duties instead of working for pay outside the home.

Workplace

Refers to any location, environment, or setting where individuals engage in work-related activities or occupations.