When You Are Maximizing Your Utility for Product A

question 121

Multiple Choice

When you are maximizing your utility for product A,

• A)marginal utility of A = 0.
• B)marginal utility of A = 1.
• C)marginal utility of A = price of
• D)None of these are true.

---

Definitions:

Democratic Governance

A system of government in which power is vested in the people, who rule either directly or through freely elected representatives.

State of Nature

A concept in political philosophy used to describe the condition of humanity before the establishment of society or the state.

Agreement

A mutual understanding or arrangement, often formalized by a contract, between two or more parties.

Moral Rules

Guidelines for behavior that are considered right or ethical according to a particular philosophy, society, or religion.