Solved

Based on the Material Presented in the Chapter, Can We

Question 144

Multiple Choice

Based on the material presented in the chapter, can we conclude that people will consume goods until the marginal utility of each good is zero?


A) Yes, because at that point total utility is maximum.
B) Yes, because at that point marginal utility is minimum.
C) No, because consumption is determined by total utility.
D) No, because consumption is determined by the marginal utility/price ratio.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions