The total utility provided by a good

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Which of the following statements is true about the total utility provided by a good?

1. Total utility can never be negative

2. Total utility is maximized when marginal utility is maximized

3. Total utility continues to increase as more of the good is consumed

4. Total utility is maximized when per-dollar utilise for Goods X and Y are equalled with a zero saving

Reference no: EM13686958

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