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Question 1 1 pts A budget line shows: O consumption possibilities. o societal demands for goods. O unlimited income. 0 production possibilities.
Question 6 1 pts (Table) Refer to the table which shows the total utility and marginal utility for ice cream consumption. The value for E is: OTU MU 00- 25 A 353C 4D 10 15 | 71 E7 0 7. 0 6.
Question 7 1 pts Using the marginal approach, the consumer will choose that combination of goods that yields the lowest possible total utility. O True O False
Question 10 1 pts Which statement regarding total and marginal utility is true? O When marginal utility is diminishing, total utility is diminishing. O When marginal utility is positive, total utility is rising. O When marginal utility is diminishing, total utility is rising. O When marginal utility equals zero, total utility is at its minimum.
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