A Consumer Has Maximized Her Total Utility (As Measured in Money)

question 126

Multiple Choice

A consumer has maximized her total utility (as measured in money) when, at the quantity of each good chosen

• A)marginal utility is negative.
• B)marginal utility divided by price is equal to 1.
• C)marginal utility is greater than price.
• D)marginal utility is equal to total utility.

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Definitions:

Collective Behavior

The actions, thoughts, and feelings of a relatively temporary and unstructured group of people.

Norms

Shared expectations and rules that guide behavior within a group or society.

Organizational Structures

The system that outlines how certain activities are directed in order to achieve the goals of an organization, including the rules, roles, and responsibilities.

Crude Death Rate

The number of deaths each year per 1000 members of the population.