Total Utility Is Always

question 6

Multiple Choice

Total utility is always

• A)greater than marginal utility.
• B)less than marginal utility.
• C)decreasing when marginal utility is decreasing.
• D)decreasing when marginal utility is increasing.
• E)increasing when marginal utility is positive.

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Definitions:

Network Design Decision

The strategic choices involved in designing the configuration and capabilities of a supply chain network, including facility locations, capacities, and transportation routes.

Firm's Profits

Total earnings a company retains after subtracting all costs, expenses, taxes, and charges from its total revenue.

Customer Needs

The specific expectations and preferences of consumers that influence their purchasing behavior and brand loyalty.

Quality of Life

A measure of an individual's well-being and happiness, often considering factors like health, comfort, leisure, and economic circumstances.