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shahabkhon shahabkhon
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4 months ago


Short description: A graph plots unit of a good against the total utility. Long description: The horizontal axis representing the unit of a good ranges from 0 to 6, in increments of 1. The vertical axis representing total utility ranges from 0 to 110, in increments of 10. The graph shows a curve that passes through the following points: (0, 0), (1, 60), (2, 80), (3, 92), (4, 98), and (5, 100). Note: all values are approximate.

FIGURE 6-1

Refer to Figure 6-1. The consumer's total utility is



▸ increasing at a decreasing rate.

▸ constant.

▸ decreasing at an increasing rate.

▸ increasing at an increasing rate.

▸ decreasing at a decreasing rate.
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Microeconomics

Microeconomics


Edition: 17th
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nancy123nancy123
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increasing at a decreasing rate.
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