If the Marginal Utility of Each Good Consumers Buy Does

question 82

Multiple Choice

If the marginal utility of each good consumers buy does not diminish but remains constant, we should witness consumers:

• A) buying no goods at all.
• B) spending all of their income on the good with the highest MU.
• C) buying one of each good.
• D) buying only the least expensive goods.

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Definitions:

Dotplot

A dotplot is a statistical chart that consists of a group of data points plotted on a simple scale, used to visualize the distribution and frequency of individual values in a dataset.

Distribution Of The Data

Describes how the values of a dataset are spread or distributed across possible values.

Line Graph

A type of chart used to visualize changes over time by plotting data points connected by straight line segments.

Number Of Customers

Refers to the total count of individual clients or consumers that purchase or engage with a business's products or services.