A. Define marginal utility, average utility, and total utility. B. What is the law of diminishing marginal utility? How is it related to consumer choice? What is the difference between marginal utility and total utility with a diagram? Show that the total utility...
When total utility becomes maximum, then the marginal utility will be: (A) Minimum. (B) Average. (C) Zero. (D) Negative. If total utility is decreasing, then marginal utility is a) negative. b) positive. c) increasing. d) zero. When total uti...
Marginal utility is the A. total satisfaction that a person gets from the consumption of all of the units of a good consumed. B. change in satisfaction that results from a one-unit increase in the quantity of a good consumed. C. maximum price that a consumer is willing to pay for an ...
ac. Suppose Tom knows his total utility schedule for him to consume c. The maximum that he would most likely buy would be 6 because the seventh yields no marginal utility. c. 假设汤姆知道他的总公共日程表为了他能消耗c。 他很可能会买的最大值是6,因为七不产生边际效用。[translate]...
For instance, a user gets an option to buy from two products that cost the same, and neither of the product is more important than the other. Or, we can say both options offer the same utility. In this case, the user will select the product that provides the maximum utility for the ...
When the total utility curve reaches the apex ( )A.The marginal utility reaches the maximumB.The marginal utility is zeroC.The marginal utility is positiveD.The marginal utility is less than zero的答案是什么.用刷刷题APP,拍照搜索答疑.刷刷题(shuashuati.com
ac. Suppose Tom knows his total utility schedule for him to consume cookies. If cookies cost Tom 5 cents each, what is the maximum number of cookies he would most likely buy? c. 假设汤姆知道他的总公共日程表为了他能消耗曲奇饼。 如果曲奇饼花费汤姆5分中的每一,什么是他很可能会买曲奇饼的最...
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When total utility is at a maximum, marginal utility is a. zero. b. positive. c. negative. d. one. Maximizing Total Utility: Total utility is the satisfaction derived from consuming a given quantity of a good, or even a combination of goods and services. ...