The Consumer Is in Equilibrium When

question 43

Multiple Choice

The consumer is in equilibrium when

• A) MRT = MRS.
• B) P_x/P_y. = MU_x/MU_y.
• C) the budget line is tangent to the indifference curve at the bundle chosen.
• D) All of the above.

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Definitions:

Organizational Structures

The framework within which organizational tasks are divided, resources are allocated, and departments are coordinated.

Functional Structure

An organizational format that divides a company according to specialization, such as marketing, finance, and production.

Geographical Structure

An organization structure that groups together people and jobs performed in the same location.

Customer Structure

refers to the way a business organizes its customer base, often based on factors like demographics, buying behavior, or customer needs.