help with these please

a moodle.adelphi.edu According to the law of diminishing marginal utility Select one: a. People are willing to buy additional quantities of a good only if its price falls. O b. People will substitute lower-priced goods for more expensive goods, ceteris paribus. c. Price and quantity demanded are directly related. O d. As marginal utility decreases, the willingness to pay increases. Which of the answers below describes market failure as when when the market mechanism Select one: a. Causes government failure. b. Leads the economy to the wrong mix of output. c. Leads the economy to a point outside the production possibilities curve. d. Causes shortages or surpluses in the market. The of the demand curve corresponds to the idea that the marginal utility for the first few goods is Select one: a. bottom; higher O b. top; higher O c. bottom; lower d. top; lower The definition of utility is Select one: a. Willingness to buy specific quantities of a good or service at a particular price. b. Satisfaction obtained from a good or service. c. Decrease in satisfaction as more of a good or service is consumed. d. Additional satisfaction obtained from one more unit of a good or service