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Which of the following statements is true regarding the neoclassical school . A. According to the neoclassical school, supply is based on diminishing marginal utility 8. According to Marshall consumers make rational decisions and choles c. Utility derived from purchasing more units of a commodity is than the sacrifice required to pay for the good D. All other things being equal, the smalter the elasticity of the supply of other inputs, the smaller the elasticity of demand for labour QUESTION According to Mars, the productive contribution of machines is not determined by the number of labour hours that went into their production True False QUESTION 7C According to Marx, the productive contribution of machines is determined by the number of labour hours that went into their production True False