If Marginal Utility Is Positive, Then Total Utility Is

question 54

Multiple Choice

If marginal utility is positive, then total utility is

• A)constant
• B)negative
• C)increasing
• D)decreasing
• E)0

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Definitions:

Repay

To pay back or return money that has been borrowed or spent.

Interest Rate

The percentage at which interest is paid by borrowers for the use of money they borrow from a lender.

Original Loan

The initial amount of money borrowed before any interest or fees are added.

Repaid

The action of paying back borrowed money to the lender.