The Table Given Below Reports the Total Utility Derived by an Individual

question 49

Multiple Choice

The table given below reports the total utility derived by an individual from the consumption of different units of goods A, B, and C.Table 7.4

-A consumer is in equilibrium when:

• A)his or her marginal utility derived from each good is maximized.
• B)each dollar spent on each item provides more and more satisfaction.
• C)each dollar spent on each item provides less and less satisfaction.
• D)the last dollar spent on each item provides the same additional satisfaction as that dollar would if spent on any other item.
• E)his or her average utility for each item is the same.

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Definitions:

Ointments

Ointments are thick, greasy medicinal substances applied topically to the skin to provide moisturization, protection, or deliver specific medication.

Lotions

Liquid or semi-liquid topical preparations used for skin care, intended to moisturize, protect, or medicate the skin.

Chemotherapeutic

Relating to chemotherapy, the use of chemical substances to treat disease, especially cancer.

Infectious Organism

Microorganisms such as bacteria, viruses, fungi, and parasites that can cause diseases or infections.