Question: Please see below. I need help with these. Please be sure of the answers as I am only given one attempt. Classify each of the
Please see below. I need help with these. Please be sure of the answers as I am only given one attempt.



Classify each of the statements as true or false. True False Answer Bank Marginal utility is the extra satisfaction experienced by one additional unit of consumption. Marginal utility is always positive. Diminishing marginal utility means that consumption of an additional unit decreases utility. Numerical utility values are relatively easy to calculate. Utility is a measure of the satisfaction people receive from their choices. If you eat a slice of pizza that gives you food poisoning, your utility will likely decrease. Marginal utility is always negative.When workers participate in a competitive and well-functioning labor market, they have an incentive to acquire additional human capital, because additional education and skills will pay off in higher wages. True False Economic convergence is the idea that low-income and middle-income economies grow faster than those of high-income countries. True O FalsePhysical capital includes the knowledge and skills workers have gained through education and experience. O True O False
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