Total Utility Is Maximized When _____

question 15

Multiple Choice

Total utility is maximized when _____.

• A)marginal utility is maximized
• B)marginal utility is the same for all goods consumed
• C)marginal utility per dollar expenditure is maximized
• D)marginal utility per dollar expenditure is the same for all goods consumed
• E)any change in purchasing from good A to good B reduces marginal satisfaction

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Definitions:

Acetone

A colorless, volatile, flammable liquid ketone, widely used as a solvent and as a precursor to other organic compounds.

NaOH

Sodium hydroxide, a strong base used in many chemical reactions, including saponification and the neutralization of acids.

Sodium Methoxide

A strong base and nucleophile used in organic synthesis, made by reacting sodium with methanol.

Major Alkene Product

The predominant alkene formed in a reaction, determined by factors like the stability of the resulting molecules or the mechanism of the reaction.