Author Question: Economists using marginal utility theory assume that consumers' objectives are to A) maximize ... (Read 120 times)

azncindy619 · **on:** Jun 29, 2018

Economists using marginal utility theory assume that consumers' objectives are to

A) maximize their total utility.
B) maximize their marginal utility.
C) maximize their income.
D) none of the above.

Question 2

A public good can be consumed by

A) only one person who does not have to pay for it.
B) only one person who has to pay for it.
C) everyone simultaneously, as long as they pay for it.
D) everyone simultaneously, even if they do not pay for it.