Total satisfaction is maximized when
A. marginal utility is zero.
B. marginal utility is negative.
C. marginal utility is equal to average utility.
D. marginal utility is positive.
Answer: A
You might also like to view...
When we assume that investment is autonomous we imply that:
a. it is a fixed constant amount. b. it is independent of current real GDP. c. it is a positive function of interest rates. d. it is actually zero. e. it has no impact on consumption.
Refer to the below graph. A change from Point A to Point C represents a(n)
a. increase in supply.
b. decrease in supply.
c. increase in quantity supplied.
d. decrease in quantity supplied.
According to Professor Robert Gordon of Northwestern University, what are the four "headwinds" facing the U.S. economy, and how do they interact with innovation?
Give an example of an industry that would seek intellectual property rights protection because its product incorporates innovation and research
What will be an ideal response?