(Figure: Maximizing Utility) Based on the Figure, Which Statement Is

question 162

Multiple Choice

(Figure: Maximizing Utility) Based on the figure, which statement is FALSE?

• A) The consumer prefers both A and D over C
• B) The consumer is indifferent between D and A
• C) The consumer's current satisfaction would increase with the consumption of A, but it is not affordable.
• D) The consumer can afford B but prefers C

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Definitions:

Scrap Value

The estimated residual value of an asset after it has reached the end of its useful life, often associated with the material worth of its components.

Charge

A fee or cost for a service rendered or a penalty for a wrongdoing.

Voice-Activated

Technology that allows devices or software to be controlled through spoken commands, facilitating hands-free operation.

Thought-Activated

Technology or systems controlled by human thought, without the need for physical interactions.