Total Utility Is Maximized When

question 127

Multiple Choice

Total utility is maximized when

• A)Price is less than marginal utility.
• B)Price is equal to marginal utility.
• C)Marginal utility is zero.
• D)Marginal utility is maximized.

---

Definitions:

Hostile

Exhibiting or feeling antagonism, aggression, or displaced anger towards others, often manifesting in unfriendly or confrontational behavior.

Friendly

Characterized by kindness, warmth, and approachability, often signaling a willingness to interact in a positive way.

Behavior

The actions or reactions of an individual in response to external or internal stimuli.

Schemata

Cognitive structures that represent organized knowledge about concepts, objects, and events, helping in the understanding and processing of information.