The Below Table Shows the Average Utility (In Utils) Obtained

question 99

Multiple Choice

The below table shows the average utility (in utils) obtained from the consumption of goods A and B.Table 7.3

-In order to maximize utility, consumers _____.

• A)continue to make purchases until the marginal utility of each good is zero
• B)compare the marginal utilities of the last dollar spent on each good
• C)equate the total utilities of each good consumed
• D)continue to purchase a good until total utility is equal to zero
• E)will continue purchasing till diminishing marginal utility is not achieved

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Definitions:

Imperialism

A policy of extending a country's power and influence through colonization, use of military force, or other means.

Accessible Port

A port that is easily approachable or reachable, facilitating the movement of goods and travelers.

Pacific Ocean

The largest and deepest of Earth's oceanic divisions, extending from the Arctic Ocean in the north to the Southern Ocean in the south.

Spanish-American War

A conflict fought in 1898 between Spain and the United States, resulting from U.S. intervention in the Cuban War of Independence, leading to U.S. acquiring territories in the western Pacific and Latin America.