At the Consumer's Optimum

question 468

Multiple Choice

At the consumer's optimum

• A)the budget constraint will have a slope of MU_x/P_x.
• B)it is still possible for the consumer to increase his consumption of both goods.
• C)the indifference curve will intersect the budget constraint at the midpoint of the budget constraint.
• D)the slope of the indifference curve is equal to the slope of the budget constraint.

---

Definitions:

Textual Information

Data or content that is presented in the form of text.

Social Facilitation

The enhancement of performance that occurs when an individual performs an action in the presence of others.

Nineteenth-Century

Relating to the period from 1801 to 1900, marked by significant industrial, cultural, and political changes worldwide.

Socially Constructed

Refers to ideas or meanings that are developed through interactions within a society.