A Consumer Chooses an Optimal Consumption Point Where the

question 47

Multiple Choice

A consumer chooses an optimal consumption point where the

• A)marginal rate of substitution equals the relative price ratio.
• B)slope of the indifference curve equals the slope of the budget constraint.
• C)ratio of the marginal utilities equals the ratio of the prices.
• D)All of the above are correct.

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Definitions:

Board of Directors

A group of individuals elected by shareholders to oversee and make major decisions for a corporation.

Asset Sale

The transaction in which the assets of a company, instead of its stock, are sold to a buyer, transferring ownership of the assets.

Shareholder Approval

The authorization required from a corporation's shareholders to approve significant company actions, such as mergers or sale of substantial assets.

Market Values

The current price at which an asset or service can be bought or sold in an open and competitive market.