If Consumption of an Extra Unit of a Product Delivers

question 126

Multiple Choice

If consumption of an extra unit of a product delivers a positive marginal utility,then consumption of that additional unit would mean

• A)that total utility is also zero.
• B)that total utility would not change.
• C)that total utility would be increasing.
• D)that total utility would be decreasing.
• E)that the consumer would no longer receive any satisfaction from any consumption of this good.

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Definitions:

Lincoln

The 16th President of the United States, Abraham Lincoln, who led the country during the Civil War and worked to end slavery.

Issue of Slavery

A central and contentious problem in American history, focusing on the ethical, moral, and economic concerns surrounding the practice of slavery, particularly in the 18th and 19th centuries.

Pro-Union Majority

A predominance of individuals or political entities that support the maintenance and unity of a federated state or union, especially relevant in the context of the Civil War in the United States.

Severe Inflation

An extreme rate of inflation, causing a rapid and uncontrollable increase in prices, significantly eroding purchasing power.