Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
B. satisfaction<br />
C. choice<br />
D. none of the<br />
above<br />
Question 26 of<br />
2.5/ 2.5 Points<br />
40<br />
According to the law of diminishing marginal utility __________ .<br />
A. as the consumption of a particular good increases, marginal utility increases<br />
B. as the consumption of a particular good increases, marginal utility<br />
decreases<br />
C. total utility is negative<br />
D. Both B and C are correct.<br />
Question 27 of<br />
2.5/ 2.5 Points<br />
40<br />
As more of any one good is consumed in a given period, its __________ .<br />
A. total utility decreases, then remains<br />
constant<br />
B. marginal utility decreases<br />
C. total utility decreases, then increases<br />
D. marginal utility increases<br />
Question 28 of<br />
2.5/ 2.5 Points<br />
40<br />
The budget line shows __________ .