If a Commodity Is Inexpensive and Its Total Utility Great

question 131

Multiple Choice

If a commodity is inexpensive and its total utility great,

• A)it is an inferior good.
• B)it is plentiful.
• C)its marginal utility is high.
• D)the ratio of price to marginal utility is very high.

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Definitions:

Administration Load

The amount of administrative tasks and responsibilities, often involving paperwork, management duties, or system maintenance, that need to be handled by staff or management.

Parallel Printer

A type of printer that connects to a computer using a parallel port, employing a multiple-wire communication method, now largely replaced by USB and network connections.

Print Server

A device or software that manages print requests within a network, directing print jobs from computers to the appropriate printers.

Faulty Inverter

Refers to a malfunctioning device that converts direct current (DC) into alternating current (AC), potentially leading to power loss or instability in devices relying on it.