If All Consumers in an Economy Have Maximized Their Utility,and

question 54

Multiple Choice

If all consumers in an economy have maximized their utility,and they face a given set of market prices,then each consumer will have identical

• A)total utilities for each good.
• B)marginal utilities for each good.
• C)marginal utilities per unit of each good.
• D)ratios of marginal utility to price for each good.
• E)consumption of each good.

---

Definitions:

Z-Score

A numerical indicator that represents how a specific value compares to the average of a dataset, illustrated by the number of standard deviations it is from that average.

Z-Score

Represents how many standard deviations an element is from the mean, providing a way to compare data points across different scales.

Z-Scores

A measure indicating how many standard deviations an element is from the mean.

Z-Score

A statistical measure that describes a value's relationship to the mean of a group of values, measured in terms of standard deviations from the mean.