There Are Two Conditions Necessary for a Consumer to Maximize

question 33

Multiple Choice

There are two conditions necessary for a consumer to maximize her utility.One is that the marginal utilities per dollar spent on each good and service consumed are equal.What is the other condition?

• A)Total spending on all goods and services must equal the amount available to be spent.
• B)The consumer must be satisfied with the choices she makes.
• C)The total spent on each good and service is the same.
• D)The prices of each good and service consumed must not be too high.

Understand the correct use of apostrophes in contractions.

Understand the correct use of apostrophes in showing possession for singular nouns.

Identify grammatical errors related to the misuse of apostrophes in plural nouns.

Differentiate between correct and incorrect punctuation within given sentences.

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Definitions:

Manufacturing Company

A type of business that produces finished goods from raw materials through the use of machinery and labor.

Product Cost

The total expenses incurred to create a product, including direct labor, materials, and manufacturing overhead.

Period Cost

Expenses that are not directly tied to the production of goods and are charged to the time period in which they are incurred.

Manufacturing Company

A type of company that uses raw materials, parts, and components to assemble finished goods.