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geftermif geftermif
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6 years ago
According to the text, can we conclude that people will consume goods until the marginal utility of each good is zero?
A) Yes, because at that point total utility is maximum.
B) Yes, because at that point marginal utility is minimum.
C) No, because consumption is determined by total utility.
D) No, because consumption is determined by the marginal utility/price ratio.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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gabi0315gabi0315
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6 years ago
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geftermif Author
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6 years ago
Above and beyond my expectations for this site
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