If All Consumers in an Economy Have Maximized Their Utility,and

question 8

Multiple Choice

If all consumers in an economy have maximized their utility,and they face a given set of market prices,then each consumer will have identical

• A)total utilities for each good.
• B)consumption of each good.
• C)marginal utilities per unit of each good.
• D)marginal utilities for each good.
• E)ratios of marginal utility to price for each good.

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Definitions:

Brush Border

Epithelial surface consisting of microvilli.

Segmental Contractions

Segmental contractions refer to the rhythmic contraction and relaxation of segments of the intestines, aiding in the mixing and absorption of nutrients.

Small Intestine

A long, coiled section of the intestinal tract where most digestion and absorption of nutrients occurs.

Circular Folds

Series of folds on the inner surface of the intestine that increase its surface area for absorption.