If Total Utility Can Be Increased by Purchasing a Little

question 153

Multiple Choice

If total utility can be increased by purchasing a little more milk and a little less ice cream,the _____

• A)marginal utility of milk is greater than that of ice cream.
• B)marginal utility of ice cream is greater than that of milk.
• C)ratio of the marginal utility of milk to its price is greater than that of ice cream.
• D)ratio of the marginal utility of milk to its price is lesser than that of ice cream.
• E)marginal utility of ice cream is negative.

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Semantic Network

A conceptual structure used in cognitive psychology and artificial intelligence which represents semantic relations between concepts in a network.

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Points in a network or system where lines or pathways intersect or branch.

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Highly detailed, exceptionally vivid 'snapshot' of the moment and circumstances in which a piece of surprising and consequential (or emotionally arousing) news was heard.