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Which of the Following Sets of Sentences Has Two Statements

question 141

Multiple Choice

Which of the following sets of sentences has two statements which are true?


Definitions:

Total Utility

The complete pleasure derived from the consumption of a specific amount of products or services.

Consumption

The utilization of products and services by families.

Marginal Utility

The change in total utility a person receives from consuming one additional unit of a good or service.

Total Utility

The total satisfaction received from consuming a particular quantity of a good or service.

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