Which of the Following Is True When the Price of a Good

question 191

Multiple Choice

Which of the following is true when the price of a good is zero?

• A)A consumer will consume additional units of the good as long as the ratio of total utility to price is positive.
• B)A consumer will consume an infinite quantity of the good as the good is available free of cost.
• C)A consumer will consume additional units of the good as long as marginal utility is positive.
• D)A consumer will consume the entire amount of the good available in the market.
• E)A consumer will consume until total utility derived from consumption becomes zero.

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Definitions:

Evaluations

The process of assessing or appraising a person, item, or situation to make a judgment about its value, quality, or importance.

Ideal Group Size

The optimal number of individuals in a group to ensure effective participation, interaction, and achievement of goals.

Closed Groups

Pertains to a fixed membership where no new participants can join once the group has started, often used in therapeutic or educational settings.

Successful Groups

Collections of individuals who achieve their common goals efficiently and effectively through cooperation and cohesive action.