A Consumer Will Consume Such That Price Equals Marginal Benefit

question 30

Multiple Choice

A consumer will consume such that price equals marginal benefit for every good consumed because

• A)income is maximized.
• B)of the substitution effect.
• C)utility is maximized.
• D)price is maximized.
• E)wealth is maximized.

---

Definitions:

1-butanol

An organic compound, also known as butyl alcohol, a four-carbon straight-chain alcohol with the chemical formula C4H9OH, used as a solvent and in the manufacture of other chemicals.

Structural Formula

A graphical representation showing the arrangement of atoms within a molecule, indicating how they are connected.

2-butanol

An organic compound, also known as sec-butanol, which is a type of alcohol with four carbon atoms and a secondary hydroxyl group.

3-butanol

An organic compound, also known as butyl alcohol, with the formula C4H10O, used as a solvent and in the manufacture of other chemicals.