The Below Table Shows the Average Utility (In Utils) Obtained

question 99

Multiple Choice

The below table shows the average utility (in utils) obtained from the consumption of goods A and B.Table 7.3

-In order to maximize utility, consumers _____.

• A)continue to make purchases until the marginal utility of each good is zero
• B)compare the marginal utilities of the last dollar spent on each good
• C)equate the total utilities of each good consumed
• D)continue to purchase a good until total utility is equal to zero
• E)will continue purchasing till diminishing marginal utility is not achieved

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Definitions:

Technologized World

A society or environment that is heavily influenced and shaped by modern technology, including communication, travel, and lifestyle.

Immigrant Communities

Social groups formed by individuals who have moved from one country to another, sharing a common national or cultural origin.

Arranged Marriage

A marital union where the spouses are selected by individuals other than the people getting married, often involving family members or matchmakers.

Immigrant Communities

Groups of people who have relocated from their country of origin to another country, often forming social networks and communities.