The Condition Required for a Consumer to Be Maximizing Utility,for

question 46

Multiple Choice

The condition required for a consumer to be maximizing utility,for any pair of products,X and Y,is

• A)PX(MUX)= PY(MUY).
• B)MUX = MUY.
• C)MUX/PX = MUY/PY.
• D)MUX/PY = MUY/PX.
• E)PX = PY.

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Definitions:

Salt Dome

A type of geological structure formed when a thick bed of evaporite minerals (mainly salt) found at depth intrudes vertically into surrounding rock layers.

Volcanic Conduit

A pipe-like structure through which magma moves from a magma chamber to the Earth's surface.

Diamond Pipe

A steep, cylindrical- to funnel-shaped volcanic conduit that contains diamonds dispersed in an igneous rock; synonym kimberlite pipe.

Copper Veins

Concentrated occurrences of copper minerals found within rock formations, often extracted through mining.