Multiple Choice
The below table shows the average utility (in utils) obtained from the consumption of goods A and B.Table 7.3
-In order to maximize utility, consumers _____.
A) continue to make purchases until the marginal utility of each good is zero
B) compare the marginal utilities of the last dollar spent on each good
C) equate the total utilities of each good consumed
D) continue to purchase a good until total utility is equal to zero
E) will continue purchasing till diminishing marginal utility is not achieved
Correct Answer:

Verified
Correct Answer:
Verified
Q94: The below table shows the average utility
Q95: The table given below records the total
Q96: The table below shows the total utility
Q97: Scenario 5.1<br>The demand for noodles is given
Q98: Scenario 5.1<br>The demand for noodles is given
Q100: Scenario 5.1<br>The demand for noodles is given
Q101: The table below shows the total utility
Q102: The table given below depicts the total
Q103: The below table shows the average utility
Q104: The table below shows the total utility