A Consumer Is Said to Be in Equilibrium in His

question 4

Multiple Choice

A consumer is said to be in equilibrium in his or her choice between two goods A and B when:

• A)the total purchase of good A gives the same satisfaction as the total purchase of good B.
• B)the last unit of good A purchased gives the same addition to satisfaction as the last unit of good b purchased.
• C)each penny spent on good A gives the same satisfaction as each penny spent on good B.
• D)the last penny spent on good A gives the same addition to satisfaction as the last penny spent on good B.
• E)the last pennies spent on goods A and B generate no additions to satisfaction.

---

Definitions:

Top Management Team

A group of individuals at the highest level of organizational management who have the day-to-day responsibilities of managing a company or corporation.

Exert Power

The act of using one's authority or influence to affect outcomes or the behavior of others within various contexts, such as organizations or relationships.

Wild Turkey

A brand of bourbon whiskey from the United States, known for its distinctive flavor profile.

Devil's Advocate

A role taken by someone in discussions or meetings to express a contrary opinion or explore potential flaws in an argument, focusing on critical thinking and counterargument.