A Consumer Maximizes Her Total Utility from a Bundle of Goods

question 31

True/False

A consumer maximizes her total utility from a bundle of goods when her marginal utility from each good is equal.

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Definitions:

Continental Rifting

The process by which a continent stretches and splits along a rift zone, potentially leading to the formation of a new ocean basin.

Passive Margin

A continental margin that is not associated with plate boundaries and hence experiences little seismic activity.

Subduction

The process by which one tectonic plate moves under another plate and dives into the mantle, often causing volcanic activity.

Accretionary Prism

A geological structure formed by the accumulation of sediment and oceanic crust scraped off a subducting oceanic plate at a convergent plate boundary.