If the Price of a Good Is Zero, a Rational

question 323

Multiple Choice

If the price of a good is zero, a rational consumer will

• A) buy all of the units available.
• B) not consume the good at all since it must not be valuable if it has a zero price.
• C) stop consuming the good when total utility is maximized.
• D) consume the good up to the point where total utility is just below zero.

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Definitions:

Using Words

The capacity or action of employing language and vocabulary to communicate thoughts, ideas, or feelings.

Phonemes

The smallest units of sound in a language that can distinguish one word from another, such as the difference between the "p" sound in "pat" and the "b" sound in "bat."

Graphemes

The smallest functional units of writing in a language that represent sounds or phonemes, such as letters, Chinese characters, and other written symbols.

Phonetics

The branch of linguistics that studies the sounds of human speech, including their production, transmission, and perception.