Which of the Following Statements Is True

question 44

Multiple Choice

Which of the following statements is true ?

• A) Total utility is the extra satisfaction from the consumption of a good or service.
• B) Marginal utility is the amount of satisfaction received from all the units of a good or service consumed.
• C) The law of diminishing marginal utility states that as more of a good or service is consumed total utility decreases.
• D) Consumer equilibrium is a combination of goods and services consumed which maximizes total utility from a given budget.

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Definitions:

Formal

Pertaining to or following established customs, rules, ceremonies, or styles, often in official contexts.

Destabilized

The process or state of becoming unstable or out of balance, often leading to chaos or disorder in systems or structures.

Antidemocratic Forces

Elements or groups within a society that oppose democracy or democratic principles, often seeking to establish or maintain power through non-democratic means.

Foreign Policy Goals

The strategic objectives that a country aims to achieve in its relations and interactions with other nations, encompassing diplomacy, economic interests, and security.