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Damm [24]
3 years ago
12

Which of the following is true?a. It is possible for total utility to rise as marginal utility falls. b. Marginal utility is the

same as total utility. c. As marginal utility falls, total utility always falls. d. a and c
Business
1 answer:
Serga [27]3 years ago
6 0

Answer:

The correct answer is letter "D": A and C.

Explanation:

Utility is the satisfaction or joy an individual perceives by consuming a given good or service. Marginal utility is the satisfaction perceived by consuming one more unit of a good or receiving a service one more time. Total utility is the aggregate utility as a result of adding the number of goods or services consumed.

<em>When marginal utility starts falling, total utility could still be rising since even if the consumer is not enjoying the same way the consumption of a good the individual is still adding more units to the consumption. However, there will a point in which the consumption of the good will not represent any satisfaction to the individual not adding more units anymore, thus, total utility starts dropping.</em>

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7 0
3 years ago
Explain why unions play a reduced role in the US economy today.
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Answer:

I won`t lie, unions are useless. They got everything they need.

Explanation:

There used to working conditions for absolute terrible . Then unions took action, boom done. Now unions is all about money. The leaders get rich off of people who want better pay like 15 bucks to flip a burger. That is just well, sad to be payed 15 an hour to flip burgers at a fast food place meant  for high schoolers. See what I am saying?

4 0
2 years ago
Read 2 more answers
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