If a Consumer Always Buys Goods Rationally, Then

question 2

Multiple Choice

If a consumer always buys goods rationally, then

• A)the total utilities of the different goods consumed will be equal.
• B)the average utilities of the different goods consumed will be equal.
• C)the marginal utilities per dollar spent on all goods will be equal.
• D)the marginal utilities of the different goods consumed will be equal.

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Definitions:

Real Objects

Physical, tangible items that can be perceived by the senses, in contrast to virtual or conceptual objects.

Pictures

Images or representations of objects, people, or scenes, produced on a surface, typically by means of photography, painting, drawing, or digital processes.

Preoperational Children

Refers to Piaget's developmental stage where children from approximately 2 to 7 years old start to engage in symbolic play but don't yet understand concrete logic.

Conservationists

Individuals or groups engaged in the protection and preservation of natural resources and ecosystems to ensure their sustainability for future generations.