Which of the Following Statements Is Always True When Determining

question 144

Multiple Choice

Which of the following statements is always true when determining the consumer optimum?

• A) Maximizing utility does not take budget restraints into consideration.
• B) Maximizing utility is easy if you are considering only two goods.
• C) Maximizing utility requires the marginal utility per dollar to be equal for each good consumed.
• D) Maximizing utility requires the total utility per dollar to be equal for each good consumed.
• E) Maximizing utility requires the marginal utility to be equal for each good.

---

Definitions:

Path-Goal Theory

A leadership theory that suggests leaders should adjust their style to fit the employee's and task's needs to achieve a goal.

Task Characteristics

The attributes or features inherent in work-related activities that affect how they are perceived and performed.

Subordinate Effort

The exertion of energy or application of skills by individuals or teams at lower hierarchical levels within an organization, usually directed towards achieving the organization's objectives.

Technical Matters

Issues or aspects that are concerned with the practical, mechanical, or procedural side of a subject, often requiring specialized knowledge or skills.