Along a downward-sloping linear demand curve
A) the marginal utility from the consumption of each unit of the good and the total utility from consuming larger quantities increase.
B) the marginal utility from the consumption of each unit of the good and the total utility from consuming larger quantities remain constant.
C) the marginal utility from the consumption of each unit of the good falls and the total utility from consuming larger quantities increases.
D) the marginal utility from the consumption of each unit of the good rises and the total utility from consuming larger quantities remain constant.
Answer: C
You might also like to view...
An example of a tax-preferred savings account would be
A. an IRA. B. an interest bearing savings account. C. a noninterest bearing checking account. D. cash.
Apple continues to be innovative to ensure that their demand curve stays or becomes
a. More inelastic b. More elastic c. Unitary elastic d. None of the above
A monopoly chooses to supply the market with a quantity of a product that is determined by the intersection of the
a. marginal cost and demand curves. b. average total cost and demand curves. c. marginal revenue and average total cost curves. d. marginal revenue and marginal cost curves.
What are the characteristics of monopolistic competition?
What will be an ideal response?