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:

Imitated

Copied or replicated someone's actions, behaviors, or performances, often as a way of learning or showing admiration.

Hostile

Refers to feelings of intense anger or aggression towards others or situations.

Rewarded

Receiving a reward, which can be either tangible or intangible, in recognition of one's actions or behavior.

Self-efficacy

An individual's confidence in their capacity to achieve success in particular scenarios or complete a task.