Multiple Choice
Which of the following best explains why most people don't consume units of goods to the point that their marginal utility falls to zero?
A) If marginal utility is falling, then total utility is falling.
B) Consumers face budget constraints that limit how much they can purchase.
C) Governments tend to limit how much of a good a person is allowed to consume.
D) The price of a good tends to rise as an individual attempts to purchase more.
Correct Answer:

Verified
Correct Answer:
Verified
Q166: A consumer is in equilibrium and is
Q167: A consumer has an income of $200,
Q168: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q169: Assume that a consumer purchases a combination
Q170: The table shows the marginal-utility schedules for
Q172: The first Pepsi yields Craig 15 units
Q173: If a consumer has an income of
Q174: Why do people tend to eat more
Q175: The table shows an indifference schedule for
Q176: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the