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:

Business Judgment Rule

The reluctance of the court to interfere with decisions of a board of directors.

Corporate Information

Data and details related to the operations, management, and financial status of a company.

Personal Benefit

An advantage or gain that accrues to an individual, often in a context where it might be considered ethically dubious or a conflict of interest.

Personal Liability

Legal responsibility of an individual to answer for debts, actions, or failures, potentially using personal assets to cover obligations.