Which One of the Following Is Not True in Consumer

question 114

Multiple Choice

Which one of the following is not true in consumer equilibrium?

• A)The total utilities of all goods are equal.
• B)The consumer is maximizing utility,given her income and the prices of goods and services.
• C)The marginal utility per dollar is equal for all goods.
• D)Given prices and her income,the consumer finds that any other choice of goods to consume would lower her utility.
• E)The consumer will not change her choices unless prices or income change.

---

Definitions:

Duty

A moral or legal obligation to perform or refrain from performing a certain action.

Rescind

To revoke, cancel, or repeal a contract, agreement, or law, making it as though it never existed.

Tenant

An individual or entity that occupies property or land rented from a landlord or owner.

Overcharges

The act of charging someone more than the fair or agreed upon price for goods or services.