Maximizing Utility

question 133

Multiple Choice

Maximizing utility

• A) requires that consumers get the most satisfaction out of every dollar they spend.
• B) is very easy for consumers to achieve.
• C) always requires that consumers spend more money than they have.
• D) requires that the marginal utility of each good consumed is equal,no matter the price of each good consumed.
• E) requires that the price of each good is equal.

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Definitions:

Range Of Tolerance

The various environmental conditions within which a particular species can survive, beyond which the organism may suffer stress or death.

Recycle Nutrients

The process of breaking down organic matter and converting it into nutrients that can be used again by plants, contributing to the sustainability of ecosystems.

Consumer

An organism that obtains its energy by eating other organisms, unable to produce its own food through photosynthesis or chemosynthesis.