At the quantity where total utility is maximized,marginal utility is:
A) rising.
B) at its average value.
C) at a maximum.
D) zero.
Correct Answer:
Verified
Q1: For economists,the satisfaction an individual derives from
Q4: The marginal utility of coffee consumption for
Q6: The amount by which an additional unit
Q7: Utility is MOST closely related to:
A)usefulness.
B)satisfaction.
C)requirement.
D)necessity.
Q8: The utility of a good is determined
Q9: Which statement BEST describes the principle of
Q10: The principle of diminishing marginal utility means
Q11: An individual gets five units of utility
Q14: In economics,the ability of a pumpkin pie
Q19: Economists describe the satisfaction consumers receive from
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents