Which of the Following Statements Is False

question 24

Multiple Choice

Which of the following statements is false?

• A)If marginal utility is diminishing, then total utility is increasing but at a decreasing rate.
• B)If marginal utility is diminishing, then total utility is concave.
• C)If marginal utility is negative, then total utility is downward-sloping.
• D)If marginal utility is decreasing, then total utility is decreasing.

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Definitions:

Social Responsibility

The obligation of individuals, organizations, and businesses to act for the benefit of society at large, often encompassing ethical behavior and sustainable practices.

Philanthropic

Pertaining to the act of donating money, goods, services, or time to the needy, directly or through a charitable foundation.

Legal Obligation

A requirement enforced by law that mandates individuals or entities to act or refrain from certain actions.

Social Responsibility

The obligation of organizations to act in ways that benefit society and the environment beyond their immediate business interests.