If Total Utility Declines as an Additional Unit of a Commodity

question 73

Multiple Choice

If total utility declines as an additional unit of a commodity is purchased,

• A)marginal utility must be rising.
• B)marginal utility is negative.
• C)marginal utility is positive but falling.
• D)its price must have risen.
• E)marginal utility is zero.

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Definitions:

Corporate Governance

The framework of rules, practices, and processes by which a company is directed and controlled, focusing on the interests of its stakeholders.

Board Members

Individuals elected or appointed to serve on the governing board of an organization, responsible for overseeing its strategic direction, financial health, and regulatory compliance.

Strategic Initiatives

Projects or actions undertaken by an organization to achieve strategic goals and objectives, often involving major scope or impact.

SWOT Analysis

A tool for strategic planning that helps in identifying the Strengths, Weaknesses, Opportunities, and Threats associated with competitive business environments or project planning.