When Marginal Utility Is Zero,total Utility

question 91

Multiple Choice

When marginal utility is zero,total utility

• A)is zero.
• B)is maximized.
• C)is falling.
• D)is negative.

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Definitions:

Budget Constraint

An economic model that represents all the combinations of goods and services a consumer can afford given their income and the prices of goods.

Bundle

A collection of products or services sold as a single package deal, often at a discounted price.

Budget

A financial plan for a defined period, outlining expected revenues and expenditures.

Exact Income

The precise amount of money received by an individual or entity within a specific period.