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:

Fiscal Years

A one-year period that companies and governments use for financial reporting and budgeting, which may not necessarily align with the calendar year.

Cash Payments Journal

A financial journal that records all cash outflows or payments made by a company.

Office Supplies

These are consumable items used in an office environment for daily operations, including items like pens, paper, and staplers.

Pond Supplies Expense

The costs incurred for the maintenance or operational needs of a pond.