There Are Two Conditions Necessary for a Consumer to Maximize

question 33

Multiple Choice

There are two conditions necessary for a consumer to maximize her utility.One is that the marginal utilities per dollar spent on each good and service consumed are equal.What is the other condition?

• A)Total spending on all goods and services must equal the amount available to be spent.
• B)The consumer must be satisfied with the choices she makes.
• C)The total spent on each good and service is the same.
• D)The prices of each good and service consumed must not be too high.

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Definitions:

Employees' Opinions

The perspectives, beliefs, and attitudes of employees regarding their workplace, workplace conditions, management, and organizational policies.

Official Communication Network

The formally established channels of information exchange within an organization.

Nonverbal Communication

The process of conveying a message without the use of words, which can include gestures, facial expressions, body language, and tone of voice.

Body Language

Body language refers to the non-verbal cues communicated through facial expressions, gestures, posture, and bodily movements, which can convey feelings and intentions beyond spoken words.