At a Utility Maximum

question 3

Multiple Choice

At a utility maximum

• A)the budget line is tangent to the indifference curve
• B)(MUx/MUy) = Px/Py
• C)MUx/Px = MUy/Py
• D)all of the above
• E)none of the above

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Definitions:

Unattached Earlobes

A genetic trait where the earlobes hang free and are not connected to the side of the head.

Homozygous Recessive

An individual is homozygous recessive when they have two identical recessive alleles for a particular gene, potentially expressing a recessive trait.

Heterozygous

Having two different alleles of a particular gene or genes, resulting in genetic variation for a specific trait.

Dominant

A term used in genetics to describe an allele that expresses its phenotypic effect even in the presence of a recessive allele.