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

---

Definitions:

Evolution

The change in the heritable characteristics of biological populations over successive generations.

Great Chain of Being

An ancient and medieval concept that all forms of life and matter in the universe have a precise order and hierarchy, from the lowest forms of matter to the highest spiritual beings.

Biological Entities

Refers to any entity that is considered living, including organisms, cells, and viruses, distinguished by their capacity for growth, reproduction, and response to stimuli.

Higher Forms

A non-scientific term that has been used historically to refer to more complex life forms or organisms with advanced levels of organization.