When total utility is at its maximum what must be the value of marginal utility?
What will be an ideal response?
Total utility is maximized when marginal utility is zero.
Economics
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Money includes
A) currency. B) checking deposits held by households and firms. C) deposits in the foreign exchange markets. D) currency and checking deposits held by households and firms. E) futures and deposits in the foreign exchange market.
Economics
In order for a monopolist to earn an economic profit in short-run equilibrium, marginal revenue must be equal to zero
a. True b. False Indicate whether the statement is true or false
Economics