A Consumer Is Maximizing Her Utility with a Particular Money

question 98

Multiple Choice

A consumer is maximizing her utility with a particular money income when:

• A) the total utility derived from each product consumed is the same.
• B) MU_a/P_a = MU_b/P_b = MU_c/P_c = ...= MU_n/P_n.
• C) MU_a = MU_b = MU_c = ...= MU_n.
• D) P_a = P_b = P_c = ...= P_n.

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Definitions:

Corporate Stocks

Shares representing ownership in a corporation, providing shareholders with a claim on part of the company's assets and profits.

Article 2

Typically refers to a portion of the Uniform Commercial Code that governs the sale of goods in the United States.

Patents And Copyrights

Legal protections granted to creators, giving them exclusive rights to their inventions (patents) and original works of authorship (copyrights).

Fewer Features

Describes products or services that offer a limited number of functions in comparison to others in the market.