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:

Verified
Correct Answer:
Verified
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