Examlex

Solved

The Table Given Below Depicts the Total Utility Derived from the Consumption

question 64

Multiple Choice

The table given below depicts the total utility derived from the consumption of a good.Table 7.1
The table given below depicts the total utility derived from the consumption of a good.Table 7.1    -Which of the following statements about marginal utility is correct? A) When marginal utility is negative, an increase in the quantity will increase total utility. B) When marginal utility is decreasing, an increase in quantity will decrease total utility. C) When marginal utility is positive, an increase in quantity will decrease total utility. D) When marginal utility is zero, an increase in quantity will leave total utility unchanged. E) When total utility is increasing, marginal utility will be negative.
-Which of the following statements about marginal utility is correct?


Definitions:

Administrative Rule

Regulations issued by government agencies to implement laws, detailing the standards and procedures for enforcement of those laws.

ALJs

Administrative Law Judges are officials who preside over hearings and dispute resolutions involving federal regulatory agencies.

Professional Merit Selection

A system of appointment based on qualifications and performance rather than political connections or personal favoritism.

President

The elected head of a republican state or organization, holding the highest office and often acting as the chief executive or ceremonial figurehead.

Related Questions