A Consumer with Unlimited Income Will Continue Consuming Goods Until

question 269

Multiple Choice

A consumer with unlimited income will continue consuming goods until

• A) the marginal utility of each is equal to zero.
• B) the marginal utility of each is negative.
• C) total utility rises.
• D) marginal utility equals total utility.

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Definitions:

Intangible Products

Non-physical goods or services such as intellectual property, consulting, and insurance, that cannot be seen, touched, or physically measured.

Merchandise Trade Balance

The difference in value between a country's imports and exports of goods, excluding services.

Intangibles

Assets that have no physical form but possess value, such as intellectual property or brand reputation.

Financial Assets

Economic resources or investments that are paper or digital, such as stocks, bonds, and bank deposits.