As More of a Good Is Consumed,total Utility

question 47

Multiple Choice

As more of a good is consumed,total utility

• A) increases.
• B) decreases.
• C) remains the same.
• D) becomes negative and then turns positive.
• E) might change but whether or not it changes depends on why more of the good is consumed.

---

Definitions:

Tombstone

An advertisement in a financial publication announcing a public offering of securities, containing basic details of the issue.

Preliminary Prospectus

An initial document provided by a securities issuer that describes the details of an upcoming offer to the public, often called a "red herring."

Ex-Rights

Ex-rights refer to a situation where a stock is traded without the benefit of a rights offering, which was previously announced to its shareholders.

Holder-Of-Record Date

The specific date set by a corporation on which the shareholders of record are entitled to receive a declared dividend or participate in corporate actions.