Asked by Cynthia Flores on Jul 30, 2024
Verified
Where total utility is at a maximum, marginal utility is
A) negative.
B) positive and increasing.
C) zero.
D) positive but decreasing.
Total Utility
Total utility is the total satisfaction or benefit a consumer receives from consuming a particular quantity of goods or services.
- Fathom the association between total utility and marginal utility.
Verified Answer
ZK
Zybrea KnightAug 02, 2024
Final Answer :
C
Explanation :
When total utility is at a maximum, marginal utility is zero because at this point, consuming an additional unit would not increase total utility further.
Learning Objectives
- Fathom the association between total utility and marginal utility.