Given the Utility-Optimizing Rule and the Presence of Diminishing Marginal

question 300

Multiple Choice

Given the utility-optimizing rule and the presence of diminishing marginal utility for a good

• A) the demand curve for the good will be vertical.
• B) there will not be a well-defined demand curve.
• C) there will not be a substitution effect.
• D) the demand curve for the good will be negatively sloped.

Understand the calculation of slope using changes in the values of X and Y axes.

Recognize the impact of slope in understanding relationships between two variables.

Apply knowledge of slopes to determine relationships between variables expressed through graphical representations.

Understand the concept of slope in different contexts.