In Most Cases,at the Optimal Consumption Bundle

question 15

Multiple Choice

In most cases,at the optimal consumption bundle:

• A) the consumer cannot increase utility without some change in market conditions or preferences.
• B) the last dollar spent on each good brings the same amount of satisfaction to the consumer.
• C) the marginal rate of substitution is equal to the absolute values of the slope of the budget constraint.
• D) the indifference curve is just tangent to the budget constraint.
• E) all of the above

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Definitions:

Sexual Selection

A mode of natural selection where individuals with certain inherited characteristics are more likely than others to obtain mates.

Visible Weaponry

The overt display of weapons or items intended for use in aggression or defense, readily apparent in a social or interpersonal context.

Embryos

Embryos are the early developmental stages of multicellular organisms following fertilization, before becoming fetuses.

Hypothesis

A hypothesis is a tentative explanation for an observation, phenomenon, or scientific problem that can be tested by further investigation or experimentation.