If a service is free, you will consume more and more of it until ? A) your margi
ID: 1096035 • Letter: I
Question
If a service is free, you will consume more and more of it until ? A) your marginal utility is zero B) your total utility is zero C) both your marginal utility and your total utility are zero D) neither your marginal utility nor your total utility is zero If a service is free, you will consume more and more of it until ? If a service is free, you will consume more and more of it until ? A) your marginal utility is zero B) your total utility is zero C) both your marginal utility and your total utility are zero D) neither your marginal utility nor your total utility is zeroExplanation / Answer
A) your marginal utility is zero
Reason:
Marginal utility = price at optimality
Here price=0
Related Questions
Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Drop an Email at
drjack9650@gmail.com
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.