If Marginal Utility Is Zero

question 8

Multiple Choice

If marginal utility is zero,

• A) a rational consumer will consume one more unit.
• B) a rational consumer will consume one less unit next time.
• C) a rational consumer will not consume additional units beyond this point.
• D) a rational consumer will consume one more unit if the price is zero.

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Definitions:

John Locke

A 17th-century English philosopher and political theorist, known as the "Father of Liberalism", whose ideas on individual rights and government by consent significantly influenced the development of political philosophy and democracy.

Governments

Systems or groups of people governing an organized community, often a state.

Grenville's Legislation

A series of acts passed by British Parliament in the mid-18th century, named after George Grenville, aiming to impose taxes and assert tighter control over the American colonies.

Colonial Printing

The practice and industry of producing written materials by pressing ink onto paper, which played a significant role in disseminating information and ideas in colonial societies.