The Consumer's Optimal Choice Is the One in Which the Marginal

question 62

Multiple Choice

The consumer's optimal choice is the one in which the marginal utility per dollar spent on good X

• A)is equal to the marginal utility per dollar saved on good X.
• B)is greater than the marginal utility per dollar spent on good Y.
• C)is equal to the marginal utility per dollar spent on good Y.
• D)is less than the marginal utility per dollar spent on good Y.

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Definitions:

Think Aloud

A method used in usability testing where participants vocalize their thought process while interacting with a system or completing a task.

Closed Questions

Questions that are structured to receive a specific, limited response, often answerable with "yes" or "no."

Demographic Questions

Inquiries designed to gather data about the social and economic characteristics of a population.

Biased Questions

Questions formulated in a way that suggests a particular response or influences the respondent's answer.