2. Marginal utility is the addition to total utility from consuming one more unit of a good.【边际效用[也称MU],边际效用指消费者(在一定时间内)增加一个单位商品所带来的总效用的增量.】3. Consumers, in deciding among items, choose those items with the highest marginal utility per dollar.【消费...
As long as marginal utility is positive, total utility is ___. Utility: Households are trying to maximize utility which is a subjective measure of value. One way a household increases utility is by consuming goods which is why individuals work. They also gain utility through leisure. Answer...
Answer to: If marginal utility is negative, total utility is ___. (a) positive (b) negative (c) decreasing (d) constant (e) increasing. By...
What Is Total Utility? Total utility refers to the sum of the sum of consumers' consumption of one or more commodities within a certain period of time.
A.a) is the ratio of total utility to total consumption.B.b) is the rate at which total utility changes as the level of consumption rises.C.c) will always be equal to the product’s price.D.d) tells us nothing; we’re only concerned with total utility.相关...
Marginal utility is the A. total satisfaction that a person gets from the consumption of all of the units of a good consumed. B. change in satisfaction that results from a one-unit increase in the quantity of a good consumed. C. maximum price that a consumer is willing to pay for an ...
Which of the following statements is true with respect to total utility and marginal utility? (a) Marginal utility is always equal to total utility. (b) Total utility will always be negative when marginal utility is positive. (c) Total utility is minimize ...
Answer true or false: If the marginal utility is diminishing, the total utility must also be declining. Marginal utility is the utility derived from the additional unit of a commodity consumed. True False True or false? Total utility always d...
Total utility is the aggregate satisfaction that a consumer receives through the consumption of goods or services.
A. the change in total utility divided by the price of a good B. the maximum amount of satisfaction from consuming a good C. the total satisfaction received from consuming as much of the good that is available for consumption D. the additional satisfaction received from consuming one more uni...