Marginal utility is

a. The sum of the total utility of consuming a certain amount of a good.
b. The diminishing nature of total utility.
c. Always negative or zero.
d. The change in total utility obtained by consuming one additional unit of a good or service.

Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.

Acompany sells garden hoses and uses the perpetual inventory system to account for its merchandise. the beginning balance of the inventory and its transactions during september were as follows:

In command economy, who makes production decisions? a. workers b. producers c. consumers d. the government