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Author Question: Total utility A) is equal to the sum of the marginal utilities of all units consumed. B) cannot ... (Read 112 times)

Alainaaa8

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on: Jun 29, 2018
Total utility
 
  A) is equal to the sum of the marginal utilities of all units consumed.
  B) cannot decrease as a person consumes more and more of a good.
  C) has a constant rate of increase as a person consumes more and more of a good.
  D) is negative when marginal utility is declining.

Question 2

Which of the following is an example of market production, as used by economists?
 
  A) Katrina works as a cashier at the local produce stand.
  B) Heidi makes a pizza for her family's dinner.
  C) Garvey takes out a low-cost government loan to start his pet-sitting business.
  D) The theatre and film studies department in Fine Art's College stages a play at the local theatre.


angrybirds13579

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


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