Assuming well-defined indifference curves, when marginal utility is zero, total utility is at a maximum.
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Q190: The law of _ refers to a
Q191: The ratio of the marginal utility of
Q192: The _ states that things with the
Q193: The law of diminishing marginal utility implies
Q194: The law of diminishing marginal utility implies
Q196: _ buys so as to make MUx/MUy
Q197: When marginal utility is zero, total utility
Q198: If MUx/Px exceeds MUy/Py, then a household
Q199: Sierra likes chocolate-covered deviled eggs. After eating
Q200: When consumers maximize utility, they are equating
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