Total utility is maximized whenever
A. marginal utility is zero.
B. marginal utility is increasing.
C. marginal utility is decreasing.
D. marginal utility is constant.
Answer: C
Economics
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Indicate whether the statement is true or false
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A) only for all points less than B. B) only at points B and C. C) for points between B and C. D) for all points less than B and greater than C.
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A. floor; surplus B. floor; shortage C. ceiling; surplus D. ceiling; shortage
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