A Consumer Chooses an Optimal Consumption Point Where the

question 345

Multiple Choice

A consumer chooses an optimal consumption point where the

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

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Definitions:

Phenytoin

An anticonvulsant medication used to control seizures in conditions such as epilepsy.

Furosemide

A medication used to treat fluid build-up due to heart failure, liver scarring, or kidney disease.

Pinna

The visible part of the ear that protrudes from the head, helping to capture and direct sound waves into the ear canal.

Irrigate

To wash out a body part, such as a wound or organ, with a stream of fluid.