The Fact That a Gallon of Gasoline Commands a Higher

question 148

Multiple Choice

The fact that a gallon of gasoline commands a higher market price than a gallon of water indicates that

• A) gasoline is an economic good but water is not.
• B) the marginal utility of gasoline is greater than the marginal utility of a gallon of water.
• C) the average utility of a gallon of gasoline is greater than the average utility of a gallon of water.
• D) the total utility of gasoline exceeds the total utility of water.

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Definitions:

Toxic

Describes substances that are harmful or deadly to living organisms, potentially causing damage through chemical reactions or other pathways when ingested, inhaled, or absorbed.

Essential Amino Acids

Amino acids that the body cannot synthesize on its own and must be obtained through the diet.

Complete Protein

A source of protein that contains an adequate proportion of all nine essential amino acids necessary for the dietary needs of humans.

Essential Fatty Acid

Fatty acids that the body cannot synthesize on its own and must be obtained through diet, important for various biological functions.