Which of the Following Statements Is True

question 1

Multiple Choice

Which of the following statements is true?

• A) As we consume more of a good,utility will increase even if the good is subject to diminishing marginal utility.
• B) As we consume more of a good,utility will increase unless the good is subject to diminishing marginal utility.
• C) Marginal utility is just another name for utility.
• D) We cannot rank utility from two different consumption bundles.

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Definitions:

Else Portion

In programming, the part of an if-else statement that executes if the if condition is not met.

If...Then...Else

A conditional statement used in programming and database applications for executing different actions based on whether a specified condition is true or false.

Else Statement

A part of conditional programming that defines the block of code to be executed if the condition in the "if" statement is not met.

ElseIf Statements

A conditional statement in programming used to specify a new condition to test if the previous condition(s) was false.