At a Consumer's Optimal Choice, the Consumer Chooses the Combination

question 19

True/False

At a consumer's optimal choice, the consumer chooses the combination of goods that equates the marginal rate of substitution and the price ratio.

---

Definitions:

Preterm Births

The birth of a baby at fewer than 37 weeks of gestational age, which can lead to several health issues for the newborn.

Gestation

The period of development of the fetus in the womb, from conception to birth.

Weeks

Units of time, each consisting of seven days.

Chorionic Villus Sampling

A prenatal test involving the sampling of tiny placental tissue (chorionic villi) to test for chromosomal abnormalities in the fetus.