A Consumer Maximizes Satisfaction at the Point Where His Valuation

question 144

Multiple Choice

A consumer maximizes satisfaction at the point where his valuation of good X, measured as the amount of good Y he would willingly give up to obtain an additional unit of X, equals:

• A) the magnitude of the slope of the indifference curve through that point.
• B) one over the magnitude of the slope of the indifference curve through that point.
• C) Px/Py
• D) Py/Px

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Definitions:

Synthesizing ATP

The biochemical process of creating adenosine triphosphate, essential for energy transfer within cells.

Mitochondrion

A membrane-bound organelle found in most eukaryotic cells, responsible for producing energy through cellular respiration.

Sister Chromatids

Identical copies of a single chromosome that are connected by a centromere, formed during the cell cycle's DNA replication phase.

Chromatin

The substance within a cell nucleus, composed of DNA and protein, that condenses to form chromosomes during cell division.