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.
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