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According to the Text, Can We Conclude That People Will

Question 414

Multiple Choice

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.

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