The Consumer Chooses the Bundle of Goods That Maximizes His

question 62

Multiple Choice

The consumer chooses the bundle of goods that maximizes his utility and spends all his income.Which of the following statements is correct?

• A)The marginal utilities of all goods are equal.
• B)Expenditures on all goods are equal.
• C)The addition to utility of the last unit of the good is equal across all goods.
• D)The addition to utility of the last unit of the good per dollar spent on the good is equal across all goods.

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Definitions:

Girls and Boys

Descriptive terms for female and male children, respectively, often used to denote differences in behavior, socialization, or biological aspects.

Math and Science

Academic disciplines focused on understanding numbers, forms, functions, and the natural world through observation and experiment.

Teachers

Educators responsible for facilitating learning, imparting knowledge, and fostering academic and social development in students.

Parents

Caregivers of offspring in their own species; in humans, they typically provide support, education, love, and guidance to their children.