If Marginal Utility Is Negative,then

question 102

Multiple Choice

If marginal utility is negative,then:

• A) Total utility is at a minimum.
• B) Total utility will increase with additional consumption.
• C) Total utility will decrease with additional consumption.
• D) The good in question is an inferior gooD.

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Definitions:

Conventional

Pertaining to widely accepted standards or methods.

Use

The act of employing something for a particular purpose.

Mortgages

Loans used to purchase a property, where the property itself serves as security against the loan.

Conditional Sale Agreement

A contract for the sale of goods where the purchase price is paid in installments and the ownership (title) of the item does not pass to the buyer until certain conditions, often the full payment, are met.