Author Question: For most goods and most people, marginal utility probably: a. continues to increase as larger ... (Read 55 times)

azncindy619 · **on:** Jun 30, 2018

For most goods and most people, marginal utility probably:
a. continues to increase as larger quantities are purchased.
b. declines as consumption increases.
c. plummets after the first few units but soon begins to rise.
d. is negative after the first unit of a good is purchased.

Question 2

Which of the following goods is likely to have a derived demand?
a. Tractor
b. T-shirt
c. Italian food
d. Residential buildings
e. Cigarettes