Which of the Following Statements Is True

question 78

Multiple Choice

Which of the following statements is true?

• A)If a consumer is in equilibrium, it does not necessarily follow that he or she is also achieving the greatest total utility.
• B)If a consumer is in equilibrium, it necessarily follows that he or she is also achieving the greatest total utility.
• C)If a consumer is attaining the greatest marginal utility, then it necessarily follows that he or she is also achieving the greatest total utility.
• D)If a consumer is attaining the greatest total utility, then it necessarily follows that he or she is also achieving the greatest marginal utility.

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Definitions:

Personal Selling

A sales method involving direct interaction between salespeople and individual customers to persuade the customer to make a purchase.

Advertising

The act of promoting products, services, or brands through various media channels to inform, attract and engage potential customers.

Personal Selling

A direct marketing approach involving face-to-face interaction between a salesperson and a potential customer to persuade them to make a purchase.

Extremely Expensive

Describing goods or services that have a very high cost, often beyond what is considered reasonable or accessible for the average consumer.