Which Statement Is True

question 48

Multiple Choice

Which statement is true?

• A)Total utility is maximized when marginal utility is zero.
• B)The utility of a Big Mac is greater than the utility of a Whopper.
• C)As one consumes more and more of a service,one's marginal utility rises.
• D)None of these are true.

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Definitions:

Sherman Act Section 1

A provision of U.S. antitrust law that prohibits contracts, combinations, or conspiracies that restrain interstate or foreign trade.

Violation

The act of disregarding or breaking a law, agreement, or rule, resulting in possible legal penalties or consequences.

Manufacturer

A person or company that makes goods for sale, especially on a large scale through the use of machines.

National Cooperative Research Act

U.S. legislation that encourages collaborative research and development among businesses by providing certain antitrust protections.