Total Utility

question 161

Multiple Choice

Total utility

• A)cannot decrease as a person consumes more and more of a good.
• B)has a constant rate of increase as a person consumes more and more of a good.
• C)is equal to the sum of the marginal utilities of all units consumed.
• D)is negative when marginal utility is declining.

---

Definitions:

Levy Taxes

The act of imposing or collecting taxes by governmental authority on citizens, income, businesses, goods, and other transactions to fund public services and government spending.

Second Continental Congress

A convention of delegates from the Thirteen Colonies that started meeting in the spring of 1775 in Philadelphia, leading to the adoption of the Declaration of Independence in 1776.

American Independence

The state of being free from British rule, officially declared on July 4, 1776, by the Thirteen Colonies.

Robert Livingston

An American lawyer, politician, and diplomat who served as one of the Founding Fathers of the United States, notable for helping to draft the Declaration of Independence.