The Total Utility of the Consumer Diminishes Whenever

question 48

Multiple Choice

The total utility of the consumer diminishes whenever:

• A)he or she buys an additional unit of a good.
• B)his or her marginal utility decreases.
• C)his or her total utility increases at a decreasing rate.
• D)the last unit consumed of a particular good is distasteful or provides dissatisfaction.
• E)other consumers are also purchasing the product.

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Definitions:

Encased

Surrounded or covered with a protective layer or material.

Fruit

The mature ovary of a flowering plant, typically containing seeds.

Seeds

The reproductive unit of a flowering plant, capable of developing into another such plant.

Gymnosperms

A collection of plants that produce seeds, such as conifers, cycads, Ginkgo, and gnetophytes, distinguished by their seeds being exposed, not contained within an ovary.