Which of the Following Is True When a Consumer Is

question 43

Multiple Choice

Which of the following is true when a consumer is optimizing her consumption choices across two or more goods?

• A)She is not necessarily on the highest indifference curve in her indifference map.
• B)The budget constraint intersects her indifference curve at her chosen consumption bundle.
• C)She equates the total utility per good for all goods.
• D)She is not necessarily spending all of her budget allotted to the goods.

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Definitions:

Cultural Universals

Patterns or traits that are globally common to all societies, such as family, religion, and art.

Functionalist Perspective

An approach in sociology that emphasizes the importance of the structure and function of society in maintaining its stability and order.

Human Societies

Groups of people who share a common culture, territory, and social organization, and interact with each other in a way that distinguishes them from outsiders.

Symbolic Interactionists

Scholars in sociology who focus on the symbolic meaning that individuals ascribe to objects, events, and behaviors in social interactions.