Ask Question
Social StudiesSocial Studies
9 January, 04:48

Total utility

A. is equal to the sum of the marginal utilities of all units consumed.

B. has a constant rate of increase as a person consumes more and more of a good.

C. cannot decrease as a person consumes more and more of a good.

D. is negative when marginal utility is declining.

+2
Answers (1)
  1. 9 January, 07:09
    0
    Option A.

    Explanation:

    Option "A" is the correct answer because the total utility is the total degree of fulfillment or satisfaction that a customer gets through the utilization of a particular good or service. Every individual unit of a commodity has its very own marginal utility, and the total utility is just a summation of marginal utilities. However, when total utility declines the marginal utility becomes negative.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Total utility A. is equal to the sum of the marginal utilities of all units consumed. B. has a constant rate of increase as a person ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Katrina thinks of herself as being fairly laid back, easygoing, and relatively calm. She believes that she is above average academically and intellectually, and sees herself as conscientious at work and caring and loving with her family.
Answers (1)
Allison, a manager, must make decisions about a problem she is facing in her current project. She has identified the decision requirement and has analyzed the causes of the problem. Which of the following actions should she take next
Answers (1)
How do economists use data? Check all that apply. to follow and predict unemployment rates to communicate with customers instantly to ship goods to countries all over the world to explain trends in production and shipping to apply automation to
Answers (2)
describe the two types of changes that national boundaries experience on a regular basis. Provide an example of each.
Answers (1)
Daniel's team has been working together for two months. A member from his team, Lisa, is facing problems in balancing her work and home responsibilities.
Answers (1)
New Questions in Social Studies
What are the four socio-economic factors
Answers (1)
Map of the United States showing U. S. acquisitions, 1845 to 1848. States shaded in whole or in part are Texas, New Mexico, Colorado, Arizona, Utah, California, Nevada, Oregon, Washington, Idaho, Montana, and Wyoming.
Answers (1)
When speaking of the two czech brothers, the author says, their parents, like mine, had not had the courage to sell everyting and emigrate while there was still time. why would it have ben courageous to have emigrated early on?
Answers (1)
What mountain range near the pacific coast still has active volcanoes?
Answers (1)
During what era was the fiscal policy exercised?
Answers (2)
Home » Social Studies » Total utility A. is equal to the sum of the marginal utilities of all units consumed. B. has a constant rate of increase as a person consumes more and more of a good. C. cannot decrease as a person consumes more and more of a good. D.
Sign Up Forgot Password?