If Marginal Utility Is Positive but Diminishing, Then Total Utility

question 191

Multiple Choice

If marginal utility is positive but diminishing, then total utility must be ________ as consumption of the good increases.

• A) decreasing
• B) positive and rising at an increasing rate
• C) positive and rising at a decreasing rate
• D) positive and rising at any rate

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Definitions:

Chequing Account

A bank account allowing the account holder to withdraw funds, write checks, and use electronic debit to access funds.

Cheque

A cheque is a written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or a named party.

Regional Lockbox System

A banking service that speeds up collection of payments by establishing a network of collection points.

Accounts Receivable

Accounts receivable represents money owed to a company by its customers for products or services that have been delivered or used but not yet paid for.