According to the Utility Theory,in "Consumer Equilibrium," Households Have _____

question 21

Multiple Choice

According to the utility theory,in "consumer equilibrium," households have _____

• A)consumed as much of every commodity as they wanted.
• B)spent their incomes in such a way that their overall satisfaction is maximized.
• C)spent their incomes in such a way that their marginal utility is maximized.
• D)spent their incomes in such a way that their marginal utility is zero for every product consumed.
• E)spent their incomes in such a way that their total utility is zero.

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Definitions:

Submarine Canyons

Deep, steep-sided valleys cut into the seabed of the continental slope, often extending well out into the ocean floor.

Continental Slope

The steep slope where the continental shelf drops down to the deep ocean floor.

Continents Position

Refers to the geographical location of the Earth's continents, which can change over geological time due to the process of continental drift.

Ocean Basins

Large depressions on the Earth's surface that are filled with ocean water, forming the basic divisions of the world's oceans.