For a Consumer to Maximize Utility, He Will Choose

question 20

Multiple Choice

For a consumer to maximize utility, he will choose

• A)the point where the slope of the budget line equals the slope of the indifference curve.
• B)any point where the budget line and indifference curve intersect.
• C)the point where he gets the most of the good he prefers most.
• D)the point where the marginal rate of substitution is greatest.
• E)the point where marginal utility is zero for both goods.

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Definitions:

Indirect Order

A request or instruction not communicated directly, often implied or hinted at through context or dialogue.

We-Viewpoint

A communication perspective that emphasizes inclusivity and collective interest by using pronouns such as "we" and "us."

Direct Order

A command or instruction given clearly and explicitly, leaving no room for ambiguity or choice.

Cluttered Phrase

A phrase that is overly complex and difficult to understand, often due to unnecessary words or convoluted structure.