Graphically,as a Consumer Buys More of a Good,the Marginal Utility

question 21

Multiple Choice

Graphically,as a consumer buys more of a good,the marginal utility line will

• A)Increase as more goods are consumed.
• B)Increase steadily and then decline.
• C)Continuously decline if diminishing returns are present.
• D)Follow the same shape as the total utility line.

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Definitions:

Industry Type

A classification that groups companies based on their business activities.

Leverage

The use of borrowed funds to increase the potential return of an investment.

Return on Stockholders' Equity

A measure of financial performance calculated by dividing net income by average shareholders' equity, indicating how effectively equity is used to generate profit.

Price-Earnings Ratio

A ratio for valuing a company that measures its current share price relative to its per-share earnings.