Answered: Marginal utility can be:…

Marginal utility can be: decreasing, but not negative. positive, but not negative positive, negative, or zero. positive or negative, but not zero.

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Consumer Choice: Maximizing Utility And Behavioral Economics

Section: Chapter Questions

Problem 6WNG

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Concept explainers

Form Utility

The term utility in general refers to the satisfaction earned from usage of a particular product or service. Utility always plays an important role because it influences various important elements like demand & thereby the price of the good or service as well. Though utility is not easy to measure, various types of economic models can be used indirectly. There can be various types of utilities like economic utility, marginal utility, cardinal utility, form utility.

Question

Question 14

Marginal utility can be:
decreasing, but not negative.
positive, but not negative
positive, negative, or zero.
positive or negative, but not zero.

Definition Definition Satisfaction derived from the consumption of an additional unit of any commodity.

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