If a Consumer Reallocates His or Her Spending Away from Good

question 4

Multiple Choice

If a consumer reallocates his or her spending away from good A and towards good B, then the consumer's total utility will increase if:

• A)MU_A/P_A > MU_B/P_B
• B)MU_A/P_A < MU_B/P_B
• C)MU_A/P_A > 0 and MU_B/P_B > 0
• D)MU_A/P_A < 0 and MU_B/P_B < 0

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Definitions:

Retail Salesperson

An individual who sells goods directly to consumers in a retail setting, often providing product advice, assistance, and customer service.

Salesperson

An individual who sells goods or services to customers, often responsible for negotiating deals, understanding customer needs, and closing sales.

Traditional Salespeople

Sales professionals who employ conventional techniques, such as in-person meetings and cold calls, to engage with potential customers.

Legal and Ethical

Pertains to actions and decisions that comply with the law and moral standards, particularly in professional and business practices.