The Consumer Is in Equilibrium When

question 65

Multiple Choice

The consumer is in equilibrium when

• A)MRT = MRS.
• B)P_x/P_y = MU_x/MU_y.
• C)the budget line is tangent to the indifference curve at the bundle chosen.
• D)All of the above.

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Definitions:

Work Breaks

Scheduled or unscheduled periods during work hours when employees are allowed to rest, eat, or attend to personal matters.

Theory Y

A management theory suggesting that employees are naturally motivated, responsible, and self-directed, requiring participative management styles for optimal performance.

Worker Behavior

The actions and conduct displayed by employees in the workplace.

Theory Y

A management concept that assumes employees are inherently motivated, enjoy working, and will take responsibility and be creative if given the opportunity.