The utility function curve is convexed upwards, indicating that as
the consumption of a certain commodity increases ( )
A: Increased marginal utility
B: Increase in total utility
C: Diminishing marginal utility
D: Increase in average utility
the consumption of a certain commodity increases ( )
A: Increased marginal utility
B: Increase in total utility
C: Diminishing marginal utility
D: Increase in average utility
举一反三
- Transportation<br/>provides which of the following utilities? A: Possession utility B: Place utility C: Time utility D: Both A and B
- Given diminishing marginal utility of income, more income in one period can not ___________for lower income in another period. A: offsets B: compromises C: compensates D: compliments
- If a cup of coffee(c) and a cup of tea(t) always provide the same utility for Anne, her utility function could be written as U=min{t, c}.
- For what kind of preferences will the consumer be just as well-off facing a quantity tax as an income tax? A: Qusilinear utility function B: Cobb-Douglas utility function C: perfect substitutes D: perfect complements
- The difference between an invention patent and a utility model patent is (). A: Invention must be the proposal and innovation of new methods B: The utility model must be a product with shape and structure C: The creative requirements of utility model patents are lower than invention patents D: Some products cannot declare utility model patents