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Which of the Below Statements Is FALSE

question 38

Multiple Choice

Which of the below statements is FALSE?


Definitions:

Marginal Utility

The increased happiness or advantage received from using one more unit of a good or service.

Total Utility

The total satisfaction received from consuming a certain quantity of goods or services.

Marginal Utility

is the additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service.

Total Utility

The total satisfaction or benefit received by consuming a given total quantity of a good or service.

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