When the total utility from consuming one good is maximized, marginal utility is

A) maximized.
B) minimized.
C) zero.
D) positive.

Answer: C

Economics

You might also like to view...

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