There Are Two Conditions Necessary for a Consumer to Maximize

question 33

Multiple Choice

There are two conditions necessary for a consumer to maximize her utility.One is that the marginal utilities per dollar spent on each good and service consumed are equal.What is the other condition?

• A)Total spending on all goods and services must equal the amount available to be spent.
• B)The consumer must be satisfied with the choices she makes.
• C)The total spent on each good and service is the same.
• D)The prices of each good and service consumed must not be too high.

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Definitions:

Primary Sexual Characteristic

The main reproductive organs and structures that are present at birth and are directly involved in reproduction.

Secondary Sexual Characteristics

Physical traits not directly involved in reproduction but indicative of sex, such as enlarged breasts in females and deeper voices in males.

Ovaries

Female gonads that primarily produce estrogen and progesterone, but also produce lesser amounts of androgens (such as testosterone). Site of egg (ovum) production in females.

Identity Status

The stage or condition of an individual's identity in relation to personality development, often in terms of crises or commitments.