If a Good Had a Zero Price (I

question 38

Multiple Choice

If a good had a zero price (i.e. ,the good was free) ,a rational person would consume

• A)An infinite amount of the good.
• B)The good until total utility was zero.
• C)The good until the marginal utility was maximized.
• D)The good until the marginal utility of the last unit was zero.

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Definitions:

Balanced Scorecard

A strategic planning and management system used by organizations to communicate what they are trying to accomplish, align the day-to-day work with strategy, and monitor performance against strategic goals.

Balanced Scorecard

A system of strategic planning and management designed to align organizational activities with its vision and strategy, enhance communication both internally and externally, and track the performance of the organization in relation to its strategic objectives.

Eco-Efficiency

An approach that seeks to create more goods and services while using fewer resources and producing less waste and pollution, aligning economic and environmental performance.

Natural Resources

Raw materials and resources that are found in the environment and are used for economic gain, such as minerals, forests, and water.