If a Consumer's Budget Constraint Has a Slope That Is

question 49

Multiple Choice

If a consumer's budget constraint has a slope that is less than -1:

• A) the consumer gets more utility from good X than from good Y.
• B) the price of good X is less than the price of good Y.
• C) the consumer gets less utility from good X than from good Y.
• D) the price of good X is greater than the price of good Y.

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Definitions:

Rating Scale

A system or tool used for evaluating or assessing performance, quality, or satisfaction across a defined range.

Political Behavior

Activities within an organization that are aimed at using power or authority to influence decisions or gain advantage.

Performance Management

The continuous process of identifying, measuring, and developing the performance of individuals and teams and aligning their performance with the strategic goals of the organization.

Staffing Decisions

The process of planning, recruiting, selecting, and positioning employees within an organization to ensure the right person is in the right job.