For the Consumer to Act Rationally (I

question 44

Multiple Choice

For the consumer to act rationally (i.e., achieve the greatest amount of satisfaction) , he or she must:

• A)maximize the sum of the marginal utilities of the last unit purchased of all goods in his or her budget.
• B)equalize the marginal utilities of the last unit purchased of all commodities.
• C)purchase no inferior goods.
• D)equalize the marginal utilities of the last dollar spent upon each commodity or service purchased.
• E)do none of the above.

---

Definitions:

Memory Techniques

Strategies or methods employed to enhance one's ability to remember information, such as mnemonic devices or the method of loci.

Negative Thoughts

Thoughts that are often pessimistic or diminish one’s self-esteem, potentially leading to negative outcomes in behaviors and emotions.

Budget Time

The process of allocating certain amounts of time towards specific activities or tasks to manage one's schedule effectively.

Write Concisely

The skill of expressing ideas with clarity and brevity, avoiding unnecessary words or details.