An Optimizing Consumer Will Select the Consumption Bundle in Which

question 139

Multiple Choice

An optimizing consumer will select the consumption bundle in which the

• A)ratio of total utilities is equal to the relative price ratio.
• B)ratio of income to price equals the marginal rate of substitution.
• C)marginal rate of substitution is equal to the relative price ratio of the goods.
• D)marginal rate of substitution is equal to marginal utility.

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Definitions:

Abdominal Muscles

A group of muscles in the abdomen involved in the movement and support of the torso and important for posture and respiratory functions.

Prenatal

Relating to the period or development before birth; during pregnancy.

Urethral Meatus

The external opening of the urethra, through which urine exits the body in both males and females, and also serves as a passage for semen in males.

Hypospadias

A congenital condition in males where the urethra opens on the underside of the penis rather than at the tip.