When the total utility from consuming one good is maximized, marginal utility is
A) maximized.
B) minimized.
C) zero.
D) positive.
Answer: C
Economics
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If the interest rate on a security consists only of the riskless rate, then
A) there is no uncertainty. B) velocity is constant. C) the money supply is fixed. D) the price level is fixed.
Economics
A short run price elasticity of demand of -0.20 suggests a price flexibility of ________
Fill in the blank(s) with correct word
Economics