When a Consumer's Marginal Rate of Substitution Between X and Y

question 93

Multiple Choice

When a consumer's marginal rate of substitution between X and Y is equal to the ratio of prices for X and Y, and when the consumer is spending all available income, then

• A) a higher indifference curve can be reached given the existing budget line.
• B) all budget lines are tangent to all indifference curves.
• C) the consumer is not maximizing his utility.
• D) the budget line is tangent to the indifference curve at all quantities of X and Y.
• E) the budget line is tangent to the indifference curve.

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Definitions:

Copy Of Structure

The process of creating an exact replica of a data structure in memory, duplicating its content and structure.

Emp Structure

Likely referring to a struct (a composite data type) named "Emp" used to store employee-related data.

Pointer To Structure

A type of pointer in C or C++ that holds the memory address of a structure, allowing access to its members.

IdNum Member

An attribute or variable within a class or struct in programming that holds or represents an identification number.