Which of the Following Statements Is True When the Consumer

question 18

Multiple Choice

Which of the following statements is true when the consumer is in utility-maximizing equilibrium?

• A)The number of units of each good purchased is equal.
• B)The prices of the goods in question must be equal.
• C)The total benefits the consumer receives from every good consumed must be the same for all goods.
• D)The rate at which the consumer is willing to trade one good for another is equal to the ratio of their market prices.

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Definitions:

Vice President

An executive or officer ranking below a president or CEO, often responsible for a specific department or area within an organization.

Larceny

The unlawful taking and carrying away of personal property with the intent to deprive the rightful owner permanently.

Threat Of Force

The use or promise of physical power to coerce or compel action from another party.

Model Penal Code

A text designed to stimulate and assist U.S. state legislatures to update and standardize the penal law of the United States.