A Consumer Chooses an Optimal Consumption Point Where the

question 177

Multiple Choice

A consumer chooses an optimal consumption point where the

• A)marginal rate of substitution is maximized.
• B)slope of the indifference curve exceeds the slope of the budget constraint by the greatest amount.
• C)ratio of the marginal utilities equals the ratio of the prices.
• D)All of the above are correct.

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Definitions:

Good Education

The imparting or acquisition of knowledge, skills, and critical thinking, typically viewed as effective and comprehensive.

Sexual Maturity

is the stage of development where an individual is physically and hormonally mature and capable of reproduction.

Males

Refers to the biologically male sex, typically characterized by XY chromosomes, and associated with specific gender roles and characteristics.

Females

In biological terms, refers to the sex of an organism or individual that typically produces eggs (ova) or has XX chromosomes.