Answer to Question #64200 in Economics for Faisal

Question

Kindly tell which is right answer and why?
Q. If we use the dollar as a unit of measurement of utility, then:
a) the individual's demand curve is also his marginal utility curve
b) the reason the demand curve is negatively sloped is because an individual
c) experiences a decrease in marginal utility as she consumes additional units of a good
d) Both a and b
e) None of the above

Answer 1

d) Both a and b