Solved

When Total Utility, U(x) Is Maximized, Marginal Utility, MUx Is

Question 33

Multiple Choice

When total utility, U(x) is maximized, marginal utility, MUx is


A) constant.
B) rising.
C) maximized.
D) zero.

Correct Answer:

verifed

Verified

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

Related Questions

Q4: The assumption that preferences are complete requires

Q35: Which of the following utility functions

Q37: The assumption that preferences are transitive requires

Q38: If two goods are perfect substitutes, then<br>A)

Q39: Marginal utility is<br>A)always increasing.<br>B)maximized when total utility

Q46: Jacob's estimated utility from pizza is given

Q49: A consumer would not generally be represented

Q51: Marginal utility is:<br>A)the slope of the total

Q59: Which of the following statements is false?<br>A)Total

Q63: Consumer preferences:<br>A)are fixed exogenously and unchanging in