
If, when you consume another piece of candy, your marginal utility is zero, then
A) you want more candy.
B) you have maximized your total utility from consuming candy.
C) you have not yet reached the point of diminishing marginal utility.
D) you should consume less candy.
Correct Answer:
Verified
Q10: Total utility
A)cannot decrease as a person consumes
Q11: Consumers have to make tradeoffs in deciding
Q12: If a consumer always buys goods rationally,
Q13: An item has utility for a consumer
Q14: Economists assume that the goal of consumers
Q16: Utility is
A)easily measured in units called utils.
B)subjective
Q17: If a consumer receives 20 units of
Q18: If, as a person consumes more and
Q19: Which of the following is likely to
Q20: The law of diminishing marginal utility states
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