If you and a group of friends have been consuming large quantities of liquid beverages on a hot summer afternoon and you decide to refrain from any additional consumption, it can be concluded that
A) total utility has reached a minimum and the marginal utility of an additional drink would be large.
B) total utility has reached a maximum and the marginal utility of an additional drink would be small.
C) total utility has reached a maximum and the marginal utility of an additional drink would be zero.
D) total utility has reached a minimum and the marginal utility of an additional drink would be negative.
Correct Answer:
Verified
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