When marginal utility is zero, total utility

A. is zero.
B. is maximized.
C. is falling.
D. is negative.

B. is maximized.

Economics

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The tragedy of the commons is the tendency of a society to overuse and deplete open-access resources

Indicate whether the statement is true or false

Economics

The firm's marginal costs are equal to average total cost somewhere between units:

The following data show the relationship between total costs and output in the short run.



A. 1 and 2
B. 2 and 3
C. 3 and 4
D. 4 and 5

Economics