Total utility is maximized where:
A) Price is less than marginal utility.
B) Price is equal to marginal utility.
C) Marginal utility is maximized.
D) Marginal utility is zero.

Name: Total utility is maximized where: A) Price is less than marginal utility. B) Price is equal to marginal utility. C) Marginal utility is maximized. D) Marginal utility is zero.
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Question

Quizplus · Accepted Answer

Total utility is maximized when marginal utility is zero because at this point, consuming additional units does not increase total utility further.

Total Utility Is Maximized Where