Total Utility Increases If One More Unit of a Product

question 98

True/False

Total utility increases if one more unit of a product is purchased and marginal utility is positive.

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Definitions:

End User License Agreement

A legal contract between the software publisher and the user, outlining the rights and restrictions on how the software can be used.

System Requirements

The set of minimum storage, memory capacity, and processing standards recommended by the software manufacturer to ensure proper operation of a software application.

Open Source

Software with source code that anyone can inspect, modify, and enhance.

Uninstall Program

The process of removing an application or software from a computer system.