A Consumer's Optimum Is Found When

question 44

Multiple Choice

A consumer's optimum is found when

• A) prices of goods go down.
• B) the consumer is achieving the maximum level of utility given market prices and their limited income.
• C) the marginal utility of the last dollar spent equals 0 for every good.
• D) the consumer saves part of their income.

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Definitions:

Endodermal

Pertaining to the innermost layer of the embryonic germ layers, which gives rise to the lining of the digestive and respiratory systems.

Epidermal

Relating to the epidermis, the outermost layer of skin, which provides a barrier against environmental damage.

Afterbirth

The placenta and fetal membranes expelled from the uterus following the birth of a baby.

Placental Stage

The third and final stage of childbirth where the placenta is delivered.