Multiple Choice
When total utility, U(x) is maximized, marginal utility, MUx is:
A) constant.
B) rising.
C) maximized.
D) zero.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q40: Total utility and marginal utility cannot be
Q41: The slope of an indifference curve measures
Q42: Suppose the marginal rate of substitution of
Q43: Consider the following three market baskets.
Q44: If one were to draw indifference curves
Q46: Jacob's estimated utility from pizza is given
Q47: Suppose for some utility function that
Q48: If marginal utility is negative, then total
Q49: A consumer would not generally be represented
Q50: Which of the following utility functions