menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics Study Set 4
  4. Exam
    Exam 5: Consumer Choice
  5. Question
    When Is Total Utility at a Maximum
Solved

When Is Total Utility at a Maximum

Question 63

Question 63

Multiple Choice

When is total utility at a maximum?


A) When marginal utility is at a maximum.
B) When marginal utility is zero.
C) When marginal utility is equal to total utility.
D) When marginal utility is greater than total utility.

Correct Answer:

verifed

Verified

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

Related Questions

Q58: Define the following: a)utility b)marginal utility c)the

Q59: The following table shows Ketta's utility for

Q60: Maria is considering her lunch purchase.Unfortunately,the deli

Q61: Given Jon's marginal utility form consuming packets

Q62: The following graph shows the marginal utility

Q64: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5692/.jpg" alt=" -Refer to the

Q65: What is meant by the term margin?<br>A)A

Q66: Suppose that Irina is prepared to pay

Q67: Maria is considering her lunch purchase.Unfortunately,the deli

Q68: Can marginal utility be negative? Explain.

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines