Suppose that football tickets at your university are given away for free, and that there are still empty seats for all games. Ignoring all other costs of going to the games, you should continue attending until your:

A. Total utility stops increasing
B. Marginal utility begins to diminish
C. Marginal utility stops increasing
D. Total utility reaches zero

A. Total utility stops increasing

Economics

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A Keynesian model that is consistent with fully flexible wages and prices is based upon the notion of

A) cooperation failures. B) coordination failures. C) collaboration failures. D) decreasing returns to scale.

Economics

Firm A producing one good acquires another firm B producing another good. The cross price elasticity of demand for the goods owned by each firm is -1.4 . Holding other things constant, the acquiring firm should

a. Raise prices on both goods b. Lower prices on both goods c. Raise price on the acquired good only d. Need more information

Economics