Total utility depends on the level of consumption

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1. If the price of good A? falls, then when the consumer makes his new? utility-maximizing choice? _______.

A. the marginal utility from consuming good A will be lower than before

B. the quantity consumed of all other goods will increase

C. the marginal utility from all other goods will be lower than before

D. the quantity of the good A consumed will decrease

2. Choose the statement that is in correct.

A. Total utility depends on the level of consumption.

B. The units of total utility are arbitrary.

C. Total utility is the total benefit that a person gets from the consumption of goods and services.

D. Total utility is positive but diminishes as consumption of a good increases.

Reference no: EM131393748

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