In Figure 5-19, the Consumer Experiences at Point C

question 202

Multiple Choice

In Figure 5-19, the consumer experiences at point C

• A)greater total utility than at point D.
• B)greater total utility than at point E.
• C)less total utility than at point D.
• D)total utility equal to that experienced at point D.

---

Definitions:

Authority

refers to the lawful right or power to make decisions, give orders, or enforce laws.

Incapacitation

A state of being unable to act or make legal decisions due to physical or mental limitations.

Undisclosed Principal

A principal whose existence is not known by a third party. That is, the third party does not know that an agent is acting on behalf of a principal.

Agent

An individual or entity authorized to act on behalf of another (known as the principal) in dealings with third parties, creating a legal relationship called agency.