According to the General Utility Formula,the Marginal Utility of a Good

question 4

Multiple Choice

According to the general utility formula,the marginal utility of a good divided by the price of that good is _______.

• A)less that negative one
• B)equal to one
• C)greater than one
• D)equal to zero

---

Definitions:

Mass Production

The manufacture of large quantities of standardized products, often using assembly lines or automated technology.

Assembly Lines

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product efficiently.

Large Factories

Extensive industrial facilities where goods are manufactured or assembled, typically employing many workers and utilizing heavy machinery.

Mediating Technology

Technology that acts as an intermediary in facilitating communication or interaction between parties, often improving or enabling processes that were previously more challenging or impossible.