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Unformatted text preview: second, and 5 for the third, what is the total utility of consuming three units? a. 20 units b. 30 units c. 35 units d. 5 units 5.If a consumers total utility increases when another unit of a good is consumed, which of the following is true? Marginal utility must be a. negative. b. equal to one. c. positive. d. increasing. 6.Diminishing marginal utility means that as more of a good is consumed, a. the price of the good rises. b. the price of the good falls. c. more income is spent. d. the utility of an additional unit decreases. 1.Answer: d 2.Answer: a 3.Answer: c 4.Answer: c 5.Answer: c 6.Answer: d...
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- Spring '09