Question: 23. True or False. Circle the correct answer. a. Total utility may never be negative. b. Marginal utility may never be negative. c. The marginal

23. True or False. Circle the correct answer.

a. Total utility may never be negative.

b. Marginal utility may never be negative.

c. The marginal rate of substitution is always negative.

d. The law of diminishing marginal utility states that total satisfaction declines as more of a good is consumed.

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