Total Utility

question 76

Multiple Choice

Total utility:

• A) generally diminishes as consumption of a good increases.
• B) always increases as consumption increases.
• C) increases only as long as marginal utility increases.
• D) increases as long as marginal utility is positive.

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Definitions:

Expert Forecasts

Predictions or assessments about future events or conditions made by individuals with specialized knowledge in a particular area.

Future Human Resource

Anticipating and planning for the evolving needs, challenges, and technologies in managing an organization's workforce effectively in the future.

Knowledgeable

Describing someone who possesses a thorough or deep understanding of a particular subject or subjects.

Human Resource Planning

The process of forecasting an organization's future demands for and supply of the right type of people in the right number.