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C13 Microeconomics Online Exams 1-8 Answers (Ashworth College)

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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 __________ .

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