Under Marginal utility analysis, utility is assumed to be a

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter6: Consumer Choices
Section: Chapter Questions
Problem 6RQ: Would you expect total utility to rise or fall with additional consumption of a good? Why?
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62. Under Marginal utility analysis, utility
is assumed to be a
A.
Cardinal concept
B. O Ordinal concept
C. O Indeterminate concept
D. O None of the above
Transcribed Image Text:62. Under Marginal utility analysis, utility is assumed to be a A. Cardinal concept B. O Ordinal concept C. O Indeterminate concept D. O None of the above
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