If a Person Wishes to Maximize Their Satisfaction from the Consumption

question 67

Multiple Choice

If a person wishes to maximize their satisfaction from the consumption of a free product,they should consume until

• A)marginal utility is maximized.
• B)marginal utility is equal to total utility.
• C)total utility is equal to zero.
• D)marginal utility is equal to zero.
• E)total utility begins to increase.

---

Definitions:

Characteristics

Traits or features that distinguish a person, object, or phenomenon from others.

Competitive Situation

A scenario where entities vie for dominance or advantage in a particular market or arena, often characterized by rivalry.

Non-Zero-Sum

In game theory, scenarios in which the total win or loss of all participants combined is not equal to zero, meaning one party's gain is not necessarily another's loss.

Distributive Situation

A scenario in negotiation or conflict resolution where parties vie for the division of limited resources.