Maximum Utility Is Achieved When

question 132

Multiple Choice

Maximum utility is achieved when

• A)Total revenue is the greatest.
• B)The price elasticity of demand is 1.0.
• C)Marginal utility is zero.
• D)Total utility equals marginal utility.

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Definitions:

FIFO File

A method of file or data storage where the first data entered is the first to be retrieved, standing for "First In, First Out."

BSL Instruction

A BSL (Bit Shift Left) Instruction in programming is used to shift the bits of an operand to the left by a specified number of positions, typically in a register or memory location.

Momentary Actuation

A control action where an input or switch activates an output for a brief period of time.