For a Given Budget, a Consumer Is Assumed to

question 34

Multiple Choice

For a given budget, a consumer is assumed to

• A)maximize marginal utility.
• B)minimize marginal utility.
• C)maximize total utility.
• D)minimize total utility.
• E)do nothing about utility.

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Definitions:

McGregor

Refers typically to theories X and Y developed by Douglas McGregor, emphasizing two different management styles where theory X is more authoritative, and theory Y is more participative.