To Reach the Consumer Optimum for Two Goods,the

question 91

Multiple Choice

To reach the consumer optimum for two goods,the

• A) ratio of marginal utility to price for both goods must be equal.
• B) marginal utility for both goods must be equal.
• C) total utility for both goods must be equal.
• D) ratio of total utility to price for both goods must be equal.
• E) price of both goods must be equal.

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Definitions:

Donated Goods

Items given to an organization at no cost, often recognized in the recipient's financial records as income or an asset.

Operating Purposes

Refers to the activities and expenditures directly related to the day-to-day functions of running a business, excluding financing and investment activities.

Charity Care

Healthcare services provided for free or at a reduced cost to individuals unable to pay.

Receivables

Money owed to a company by its customers for products or services provided on credit.