If Marginal Utility from Consuming an Extra Unit of a Good

question 62

True/False

If marginal utility from consuming an extra unit of a good is positive,then the consumer's total utility must increase as more of the good is consumed.

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Definitions:

Account Balance

The amount of money in a financial repository at any given moment, which can fluctuate with deposits, withdrawals, and interest payments.

Chart of Accounts

An organized list of all the different financial accounts used by an entity to categorize transactions.

General Journal

A primary accounting record where financial transactions are entered before posting to specific accounts in the general ledger.

Sales Account

An account used to record the revenue from sales of goods or services by a company during a specific period.