If Marginal Utility Is Positive but Diminishing, Then

question 156

Multiple Choice

If marginal utility is positive but diminishing, then

• A) average utility must be negative.
• B) total utility must also be diminishing.
• C) total utility must be positive.
• D) marginal utility must be more than total utility.

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Definitions:

Lack of Clarity

The absence of clearness or lucidity in understanding or perception.

Closeout Phase

The final stage of a project where all activities are concluded, documentation is finalized, and deliverables are formally accepted.

Risk Sharing and Transfer Agreements

Arrangements between entities to distribute and mitigate financial risks associated with a project or business venture.

Risk Breakdown Structure

A hierarchical decomposition of risks into categories and sub-categories that helps organize and define the total risk exposure of a project.