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:

SWOT Analysis

A strategic planning tool used to identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Strengths

Attributes of an individual or organization that are beneficial and can be leveraged to achieve goals and overcome challenges.

Weaknesses

Aspects of an organization or individual that are detrimental to achieving its objectives and can be internal vulnerabilities or areas needing improvement.

Opportunities

Opportunities refer to favorable situations or conditions that can lead to the success of an activity, project, or business venture.