To Choose, Based on the Principle of Rational Choice, Among

question 24

Multiple Choice

To choose, based on the principle of rational choice, among combinations of goods with a cost in money, one must compare:

• A) total utility of the combination of goods and their price.
• B) total utility only.
• C) marginal utility of each additional good and its price.
• D) marginal utility only.

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Definitions:

Primi-

A prefix meaning "first" used in medical terminology to denote the first occurrence or a primary condition.

Tri-

A prefix meaning three, used in terms referring to three parts or threefold.

Epigastric

Pertaining to the abdominal region located above the stomach.

Bilateral

Involving or affecting both sides of the body or both of a pair of organs, such as both eyes, ears, or kidneys.