The Table Given Below Depicts the Total Utility Derived from the Consumption

question 64

Multiple Choice

The table given below depicts the total utility derived from the consumption of a good.Table 7.1

-Which of the following statements about marginal utility is correct?

• A)When marginal utility is negative, an increase in the quantity will increase total utility.
• B)When marginal utility is decreasing, an increase in quantity will decrease total utility.
• C)When marginal utility is positive, an increase in quantity will decrease total utility.
• D)When marginal utility is zero, an increase in quantity will leave total utility unchanged.
• E)When total utility is increasing, marginal utility will be negative.

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Definitions:

Lazy

A lack of willingness to work or use energy, often characterized by inactivity and a tendency to avoid effort.

Closed System

A theoretical concept in various sciences referring to a system that does not interact with others systems or its environment, exchanging neither matter nor energy.

Open System

A social system in which status is based on achieved attributes.

Social Stratification

The hierarchical arrangement of individuals or groups in society based on wealth, power, race, education, etc., which affects their access to resources and opportunities.